HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong by Nick Corbishley • Feb 18, 2020 • 55 Comments These days, markets forgive and forget anything except the suspension of share buybacks. Shares dive.
OK, it Gets Sticky: Job Openings Plunge the Most Since the Great Recession by Wolf Richter • Feb 11, 2020 • 108 Comments Down 15% from a year ago. Employment lags job openings by a few months. It hit the usual suspects but also the services industries, including finance & insurance, tech, and healthcare.
The Unemployed Shadow Labor Force by Wolf Richter • Sep 14, 2019 • 92 Comments “Does Everyone Who Wants a Job Have a Job?”
“Where the American Dream Goes to Die”: Changes in House Prices, Rents, and Incomes since 1960 by Region & Metro by Wolf Richter • Jul 12, 2019 • 164 Comments How out-of-whack is the discrepancy in growth between incomes, rents, and house prices?
I Just Hope the Fed Doesn’t See This Jobs Report by Wolf Richter • Jul 5, 2019 • 71 Comments Wall Street’s fervent hopes and prayers for rate-cut ammo were not fulfilled.
California Panics about Losing Businesses and People (to Texas): What the Housing Market Fears Most is Cropping Up in the Data by Wolf Richter • Jun 24, 2019 • 236 Comments But Texans Say, “We’re Full.” And Californians, Buckling Under Housing Costs & Congestion, Tell Wannabe Leavers, “Just Do It”
Why I’m Not in Panic Yet About the Lousy “20,000 Jobs Created” by Wolf Richter • Mar 8, 2019 • 59 Comments Unless there is a sudden catastrophic event, hiring trends don’t go from awesome to shitty in just one month.
What Truck Drivers Say about “Driver Shortage” & Pay Increases by Wolf Richter • Jan 15, 2019 • 87 Comments For the majority, pay has remained flat or has fallen over the past year.
Oops, SpaceX to Lay Off 10% of its Employees after Funding Fiasco in November by Wolf Richter • Jan 11, 2019 • 70 Comments What SpaceX is trying to do has “bankrupted other organizations,” it said.
Have Rising Gas Prices & Uber’s Serial Fiascos Impacted the Desire to Become an Uber Driver? by Wolf Richter • Aug 4, 2018 • 46 Comments But there’s a bottom for everything.
