Massive Churn in the Labor Market Slows: Layoffs and Discharges, Voluntary Quits, Job Openings, and Hires by Wolf Richter • Aug 29, 2023 • 88 Comments Psychological effect of the barrage of layoff news? Workers give up some of their new sense of power, keep their nose to the grindstone, quit quitting.
Powell’s Inflation Nightmare: Job Seekers, incl. the Employed, Suddenly Expect Massively Higher Wages in Job Offers by Wolf Richter • Aug 21, 2023 • 222 Comments And the offered wages that job seekers actually received also spiked massively as employers comply with a new reality.
I’ll Just Crush the Stupid Stuff in the Social Media about Disability Claims. In Reality, Claims Dropped to 20-Year Low while People with a Disability Are Employed in Record Numbers by Wolf Richter • Aug 5, 2023 • 124 Comments This is a big benefit to the US economy on many levels.
Powell’s Nightmare: Wage Growth, after Signs of Losing Altitude, Re-Accelerates by Wolf Richter • Aug 4, 2023 • 216 Comments Inflation is just going to stick around for a while, it seems.
Layoffs and Discharges Fizzle, after Spurt in Early 2023 by Wolf Richter • Aug 1, 2023 • 74 Comments The layoff-hype wrung the sense of power out of workers they’d briefly enjoyed. But that’s about all that has happened.
What Alphabet’s Layoffs, Current Headcount, and Unemployment Claims Tell us about the Erstwhile Tech Layoff Tsunami by Wolf Richter • Jul 27, 2023 • 64 Comments Tech & social media companies went nuts during the pandemic hiring-bubble, then sobered up. Now it’s already over.
Companies Now Hiring Faster than Laying Off: A Favorite Recession Indicator Has Now Backtracked for 3 Months by Wolf Richter • Jul 13, 2023 • 123 Comments But the layoff announcements in the media scared workers into surrendering some of their newly found power.
The Long View of Job Growth by Industry: Some Gained Jobs; at Others, Jobs Got Crushed by Wolf Richter • Jul 7, 2023 • 70 Comments To shed some additional light on the jobs report.
Landing Still Cancelled: Labor Market Cruises through Updrafts and Air Pockets by Wolf Richter • Jul 7, 2023 • 131 Comments But all the breathless layoff-hype in the media scared workers and tamped down on wage growth.
The Four Monster Service Sectors whose Sales Dominate the US Economy by Wolf Richter • Jun 16, 2023 • 166 Comments Their huge sales, dizzying growth rates, and high pay-scales move the needle.
