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Explore the impact an economic recession can have on the state of recruiting in the financial services industry by comparing the 2020 COVID-19 pandemic to The Great Recession of 2007.

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Summary

Recent history of recruiting numbers for a group of agency-building companies shows a modest positive relationship between unemployment rate and the number of recruits — as the unemployment rate rises and talent becomes more readily available, companies are able to attract and recruit more financial professionals. This will report will examine this relationship by looking at two major events: The Great Recession and the COVID-19 pandemic.

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