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.
Remember the Hullaballoo in December about “BLS ‘Overstated’ Jobs Growth by 1.1 million: Philadelphia Fed?” Oh Boy, Results Are In by Wolf Richter • Feb 4, 2023 • 84 Comments 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.
Employment of “People with a Disability” Spiked to Record in Hot Labor Market. Applications for Disability Benefits Fell to 20-Year Low by Wolf Richter • Feb 3, 2023 • 42 Comments 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.
In “Information” Sector, Unemployment Rate Spikes, Jobs Fall for 2nd Month. Rest of Labor Market is Rocking & Rolling. by Wolf Richter • Feb 3, 2023 • 62 Comments Plenty of fuel for inflation. Powell is not going to like this.
