America just got a nasty wakeup call about the job market

6 comments

1. Layoffs have just begun, companies will do anything to improve their bottom lines in 3rd and 4th qtr. 

2. Kind of the plan – too much inflation then raise interest rates, slow economy, layoffs, people stop buying, no more inflation, lower interest rates, hire

3. lol already a dated article I’m assuming this was published before the numbers this morning. 

4. Um, no we didn’t.

   This is exactly what the high interest rates are meant to do.

   Rate cuts were supposed to happen in June or July when it became clear inflation was slowing.

   Powell’s a Republican, and his party would get slaughtered if he let the economy have a bump right before an election with his opposition in office. So no rate cuts.

   Politics and the economy our linked, and I’m tired of pretending they’re not.

5. I am beyond sick of every economic article being utterly gloom and doom no matter what happens….too many people hired? Bad. Too few? Bad. Housing interest rates up, bad. Down? Also bad. Stocks too high! A bubble ready to burst! Stock go down, market crashing at unprecedented rates!

   Fuck off.

6. Right, it’s absolutely terrible. Anyone who thinks otherwise… isn’t looking for a job right now. Around half of the listings on Linkedin are fake and Indeed has become a haven for scammers so… good luck out there everyone, and if it seems too good to be true…