Mass Layoffs

[Digger88]

Why are there so many recent layoffs form big business like tech, news, retail, finance etc. We've been told the economy is doing fine yet we've suffered a good while already. Supposedly rate cuts are coming this year which is good for us but the layoffs appear to be kicking into high gear just now

 

[chad hampton]

The economy is in bad shape and has been for a while. Business networks lie daily.

But don't get me wrong - times have never been better for the investor class. If you are part of that class, you are popping champagne bottles daily.

 

[ucbruin]

The economy is in bad shape and has been for a while. Business networks lie daily.

But don't get me wrong - times have never been better for the investor class. If you are part of that class, you are popping champagne bottles daily.

To whom should the investor class send their "Thank You" cards....

 

[Charles West]

The economy isn't doing that great, leading indicators are still declining and organic growth is muted. Government hiring on the other hand is banging for that short term sugar high.

 

[ucbruin]

The opposition party always says the same thing....

 

[Terrel L. Shields]

Supposedly rate cuts are coming this year

With another bump up in the economy by 3.3% I do not see rate cuts yet...maybe after June. The first quarter numbers may be surprisingly good as well since all the layoffs is cash to the company. And yes, government, flush with fresh tax dollars is hiring like mad. They are inflating the jobs numbers then quietly rolling them back the next month.

OTOH, inflation is still untamed. Lumber prices are primed to move higher. Spring gasoline sales tend to get more expensive and crude oil prices remain elevated, but gasoline prices are low due to a glut of supply of refined gasoline. Take lumber for example. Mills are cutting back and only producing the most popular sizes (no 14' boards for instance) 8', 12', etc. And the current price is best since 2022. And the anticipation is about $580 per thou and the average was $455 for 2023.

 

[Charles West]

The opposition party always says the same thing....

Prove me wrong.

 

[ucbruin]

Prove me wrong.

I never said you were wrong....
I said the opposition always downplays the economy, especially the stock market if it's up....

 

[Terrel L. Shields]

60% of workers are supporting 100% of people. The following numbers are creeping up due to more people needing second jobs.

 

[George Hatch]

When the CCCP-Rona hit the Civilian Labor Force Participation rate was 63.3%. Right now its 62.5%. The same as it was in 02/2023.