More people having second thoughts before quitting?
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.
Still not many layoffs, but concentrated in the San Francisco Bay Area. Workers found new jobs quickly, and employment in California still rose.
This is how the internet works. Someone comes up with a meme, and it takes on a life of its own. I’m going to have some fun with it.
They added 1.6 million more workers to the labor force, even as the overall labor force has not been able to recover to pre-pandemic trend.
Plenty of fuel for inflation. Powell is not going to like this.
In tech & social media, the labor market got shot. In the rest of the economy, it remains very tight.
Drunk with Easy Money, companies were hogging office space and workers for a future that did not come.
The WARN filings, by company.
BART was already “facing a fiscal cliff” after working from home and driving to work caused revenues to collapse.