Freezes and layoffs
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Fantastic U.S. Jobs Report (January 2023).
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As I have asked before, what do you people use to measure the US economy?
If it is layoffs at Dell, maybe it is not doing so well.
If it is unemployment rate, maybe it is doing well.I am sure if President Trump were in office, the comment about "the economy doing fine. Donald will tell us that in the SOTU address" would have come from @Axtremus and @Jolly would have responded with the January jobs report. 555
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As I have asked before, what do you people use to measure the US economy?
If it is layoffs at Dell, maybe it is not doing so well.
If it is unemployment rate, maybe it is doing well.I am sure if President Trump were in office, the comment about "the economy doing fine. Donald will tell us that in the SOTU address" would have come from @Axtremus and @Jolly would have responded with the January jobs report. 555
@taiwan_girl said in Freezes and layoffs:
As I have asked before, what do you people use to measure the US economy?
If it is layoffs at Dell, maybe it is not doing so well.
If it is unemployment rate, maybe it is doing well.I am sure if President Trump were in office, the comment about "the economy doing fine. Donald will tell us that in the SOTU address" would have come from @Axtremus and @Jolly would have responded with the January jobs report. 555
I'll be absolutely fucking amazed if we don't have sustained double-digit employment shrinkage in the next 5 years. I'm not an economist and I have no idea what I'm talking about, but I don't see how we're going to avoid it. I'd love to be wrong, though.
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Tell that to the kiosk at McDonald's.
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@Jolly said in Freezes and layoffs:
Tell that to the kiosk at McDonald's.
@Jolly said in Freezes and layoffs:
Tell that to the kiosk at McDonald's.
Can't. Might not be able to afford it.
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Yahoo to lay off 20%
https://www.cnn.com/2023/02/09/tech/yahoo-layoffs/index.html
Yahoo still exists? Who knew?
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WASHINGTON, Jan 4 (Reuters) - Japanese automaker Toyota Motor Corp (7203.T) outsold General Motors Co (GM.N) in the United States in 2021, marking the first time the Detroit automaker has not led U.S. auto sales since 1931.
Toyota sold 2.332 million vehicles in the United States in 2021, compared to 2.218 million for General Motors, the automakers said Tuesday.
When I worked at GM we were on the Fortune 1 list.
Since I left, things have changed.
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https://www.marketwatch.com/story/jobless-claims-tumble-to-192-000-and-show-no-sign-of-rising-layoffs-a2a78aa2
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The number of Americans who applied for unemployment benefits last week sank to 192,000 and returned close to historic lows, suggesting that layoffs in the U.S. remain quite low despite more stress on the economy.
...Government data: https://www.dol.gov/ui/data.pdf?mod=ANLink
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7,000 at Disney and ESPN...
https://nypost.com/2023/03/20/espn-layoffs-are-coming-and-nearly-everyone-is-vulnerable/
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Over 121,000 this year in tech:
https://www.yahoo.com/news/comprehensive-list-2023-tech-layoffs-160908785.html
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I wonder if they’re trying to get ahead of AI layoffs. The more they lay off now, the fewer they need to lay off later.
@Horace said in Freezes and layoffs:
I wonder if they’re trying to get ahead of AI layoffs. The more they lay off now, the fewer they need to lay off later.
I would doubt it. These things take a lot of time for large companies to figure out and sign off on. Total speculation, but I think we'll officially be in the shit due to AI by the end of this year.
I'm so glad our government is working hard on a solution to this.
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https://www.marketwatch.com/story/jobless-claims-tumble-to-192-000-and-show-no-sign-of-rising-layoffs-a2a78aa2
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The number of Americans who applied for unemployment benefits last week sank to 192,000 and returned close to historic lows, suggesting that layoffs in the U.S. remain quite low despite more stress on the economy.
...Government data: https://www.dol.gov/ui/data.pdf?mod=ANLink
@Axtremus said in Freezes and layoffs:
https://www.marketwatch.com/story/jobless-claims-tumble-to-192-000-and-show-no-sign-of-rising-layoffs-a2a78aa2
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The number of Americans who applied for unemployment benefits last week sank to 192,000 and returned close to historic lows, suggesting that layoffs in the U.S. remain quite low despite more stress on the economy.
...Government data: https://www.dol.gov/ui/data.pdf?mod=ANLink
I'm sure Ax will chime in just any second, with new data points to buttress the argument that the economy is doing well.
