Cyclical in nature is the labor market
Happy Friday. It is a bit somber given the passing of Queen Elizabeth II yesterday. We aren’t going to lie, it’s been a quiet week…don’t expect next week to be the same with some new economic reports coming out that are sure to have everyone in your office talking…in between fantasy football conversations at least. Cheers to the weekend!
-CN & JB
Company Performance (9/1/22 - 9/8/22)
Tackling Mental Health
(Source: GIPHY)
With an innovative new partnership, a new way to help veterinary teams tackle mental health is launching. While we typically like to make a joke or two about the stories we cover, but when it comes to mental health we could all take that a bit more seriously. This new program is a donation network created by a partnership between Veterinary Hope Foundation and Greenline Pet. “Donations will help to fund the delivery of six-week professionally facilitated peer support groups that help veterinary professionals better handle the unique stressors of their profession.” The goal is to give clients at over 10,000 clinics the opportunity to donate to the program. An impressive 98% of the proceeds will go to the program. All good things for the future of the veterinary profession. Make sure you take time to do your own mental health check AFTER you finish this newsletter.
Elanco took a dip
(Source: GIPHY)
As with everyone else, animal health companies are feeling the headwinds of the macroeconomy and continued supply chain issues. For Elanco, however, that seems to be more of an issue than for others. Elanco updated its Q3 earnings downward, which led many investors to offload some stock from their portfolios. So why is this one animal health company being pointed out? Well, it seems many analyst believe other animal health companies are weathering the macroeconomic storm better than Elanco. JPMorgan downgraded Elanco to a “neutral” from an “overweight” which means they see more of “meh, not gonna be bad, but could be better” outlook for the company going forward.
Latest On Research
(Source: GIPHY)
In a paper published by Dr. David Smith and coauthors last year, they analyze the effects of the macroeconomic cycle on veterinarian labor markets. Timely I do have to say. What they find is that the labor market for veterinarians is very much at the whims of the macroeconomy, and that the significant lag in labor market choice (i.e. choosing to purse veterinary education) and labor market entry (graduating with a DVM) is often based on these macro conditions. So, there are times when veterinarians will feel a squeeze on labor markets and times when it feels like there is excess. The important thing to remember is that it is all cyclical.
A Dose of Happiness
Celebrating a dog who has worked hard to keep all of us safer is done in only one way…by giving it tons of toys at its retirement! Check out this wonderful story about the best doggo.
Mother nature is always awe-inspiring, but these pictures of wildlife are something else. Which one is your favorite? Tell us in the comments!
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