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.

Are we seeing the psychological effects of layoff-stories everywhere that replaced labor-shortage-stories, though the labor market overall hasn’t changed much?

Many of these announced layoffs are in the future and won’t be in the US and won’t impact the US labor market. But we got data on actual layoffs and discharges in the US today.

Maybe just a little. But not seeing the Great Loosening of the job market yet. Laid-off H-1B visa holders complicate the picture.