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.
Job Openings Collapse in “Information” Sector Most since Dotcom Bust, But Jump in Vast Other Sectors, amid Overall Low Layoffs & Discharges, Strong Hiring, Still Massive Churn by Wolf Richter • Feb 1, 2023 • 132 Comments In tech & social media, the labor market got shot. In the rest of the economy, it remains very tight.
What’s Behind the Tech & Social Media Layoffs? by Wolf Richter • Jan 25, 2023 • 114 Comments Drunk with Easy Money, companies were hogging office space and workers for a future that did not come.
How Many People Were Actually Laid Off So Far in San Francisco and Silicon Valley? by Wolf Richter • Jan 24, 2023 • 85 Comments The WARN filings, by company.
