Every month when the US jobs report comes out, they’re talking about an increase in jobs or a great jobs report. But when I read the news, I keep hearing about these companies cutting 5%, 8%, etc. of their workforce.
Most of them seem to be “white collar” jobs, and I understand why they’re doing it, but the reports feel disconnected from reality. I personally know people that have been laid off. I’m not trying to e political, I’m just trying to understand what I’m missing? Where is the disconnect?
In: Economics
You’re missing all the companies that hire without making announcements or being on the news. The tech layoffs are a big deal because they involve a lot of people at well known companies, but they are offset by 100 times as many people being hired to work at other jobs.
Latest Answers