RMC Learning Solutions Blog
PMP Certification in a Recession
With an unemployment rate of 3.5% and a projected growth for project managers to be around 7% around 2030, it might seem odd to be talking about PMP certification in a recession and the potential layoffs of certified project managers. Recent economic trends point to economic contraction. With inflation at 7.1% the Federal Reserve Board is consistently raising the target federal funds rate to bring inflation to a target rate of 2% resulting in a likely economic contraction over the next six months. Indeed, we are seeing just that with almost daily layoff announcements within the tech industry. A significant percentage of project managers work in the tech industry. This makes them vulnerable to losing their jobs when this industry contracts. The insights come from over 35 years working with businesses, government as well individuals seeking our help getting certified. During this...
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