I got laid off last year, part of the Covid backlash. I was able to find a job pretty quick, about 2 months but I am in Texas and because of no income tax and low regulations we got a ton of businesses moving here, but I was lucky because of where I live. Not so much if you are up North in a high tax State.
>Announced layoffs reached 82,307 in January, a 136% surge from December’s 34,817, according to data released by outplacement firm Challenger, Gray & Christmas, which helps companies with the offboarding process for employees. It was the highest monthly total since March 2023.
>
>**On a yearly basis, announced job cuts overall fell 20% from January 2023.**
Bullshit headline.
Here’s a graph if you want to see the exact level of reported Layoffs & discharges, which are at a historic low.
For anyone who didn’t read the article, that’s a 136% increase from December, when folks try not to perform layoffs because of the bad optics of kicking people to the curb during the holidays.
Layoffs are down 20% from this time last year.
>The unemployment rate is expected to inch higher to 3.8%
So, if we’re “inching” and we’re at 3.8%, I don’t think the sky is falling yet.
Fox News? What a laugh
Nope, we aren’t going into another big recession. I’m sorry to disappoint.
7 comments
I got laid off last year, part of the Covid backlash. I was able to find a job pretty quick, about 2 months but I am in Texas and because of no income tax and low regulations we got a ton of businesses moving here, but I was lucky because of where I live. Not so much if you are up North in a high tax State.
>Announced layoffs reached 82,307 in January, a 136% surge from December’s 34,817, according to data released by outplacement firm Challenger, Gray & Christmas, which helps companies with the offboarding process for employees. It was the highest monthly total since March 2023.
>
>**On a yearly basis, announced job cuts overall fell 20% from January 2023.**
Bullshit headline.
Here’s a graph if you want to see the exact level of reported Layoffs & discharges, which are at a historic low.
[https://fred.stlouisfed.org/series/JTSLDL](https://fred.stlouisfed.org/series/JTSLDL)
For anyone who didn’t read the article, that’s a 136% increase from December, when folks try not to perform layoffs because of the bad optics of kicking people to the curb during the holidays.
Layoffs are down 20% from this time last year.
>The unemployment rate is expected to inch higher to 3.8%
So, if we’re “inching” and we’re at 3.8%, I don’t think the sky is falling yet.
Fox News? What a laugh
Nope, we aren’t going into another big recession. I’m sorry to disappoint.
bideneconomics