Still an Astonishing Labor Market: Very Tight or Getting Even Tighter in Some Sectors, Getting Less Tight in Others, Not Loose Anywhere, Despite the Rate Hikes by Wolf Richter • May 31, 2023 • 56 Comments Powell is going to mention this with some frustration in his voice.
The Landing Has Been Cancelled. Labor Market is Flying at High-ish Cruising Altitude by Wolf Richter • May 5, 2023 • 244 Comments Even employment in Information has been rising for months despite layoff announcements, after a dip last year. Month-to-month wage growth re-accelerated.
Companies Rebalance their Workforce after the Excesses: Still the Most Astonishing Labor Market by Wolf Richter • May 2, 2023 • 69 Comments Before the ink even dried on the layoff announcements, tech and social media companies are already hiring again?
The Fed Isn’t Having a Lot of Luck Cooling this Labor Market by Wolf Richter • Apr 7, 2023 • 215 Comments This is still an astonishingly tight labor market: astonishing because the Fed has hiked rates for a year and not much has changed.
Unemployment Insurance Claims Still at Good-Times Levels as Gone-Awry Seasonal Adjustments Get Fixed by Wolf Richter • Apr 6, 2023 • 55 Comments Labor market that’s less tight, where it takes a little longer to find a new job, similar to the Good Times before the pandemic.
This is Still the Most Astonishing Labor Market: Job Openings, Hiring, Voluntary Quits, Layoffs & Discharges by Wolf Richter • Apr 4, 2023 • 75 Comments Still lots of churn as workers arbitrage the tight labor market for their benefit. Back to “normal” a long way off.
Layoffs in California Stall Employment Growth: San Francisco and Silicon Valley Hardest Hit by Wolf Richter • Mar 23, 2023 • 67 Comments But only 8% of Alphabet’s and 13% of Meta’s layoffs are in California: The tally based on California’s WARN reports.
Layoffs & Discharges Jump amid Tech & Social Media Cutbacks. Overall Labor Market Still Tight with some Signs of Loosening by Wolf Richter • Mar 8, 2023 • 133 Comments More people having second thoughts before quitting?
Housing Bust #2 Has Begun by Wolf Richter • Mar 4, 2023 • 364 Comments Some markets are already deep into it, others just started. A sobering trip from the free-money decade in la-la-land, back to normal.
How Many People Were Actually Laid Off So Far in California? The Counties & Companies with the Biggest Layoffs by Wolf Richter • Feb 20, 2023 • 124 Comments Still not many layoffs, but concentrated in the San Francisco Bay Area. Workers found new jobs quickly, and employment in California still rose.
