Mass Layoffs

[Mark K]

A lot of the layoffs are coming in the redundant jobs, those that can be replaced by an AI robot voice over the phone; the "Account Executives", the "Customer Service" reps (that don't provide service), the low level managers that weren't needed in the first place, etc. Nobody's getting rid of the people that do actual, physical work. Trimming the fat in the expectation of a slowdown and to increase the profits for the shareholders.

 

[Elliott]

What's happening?

Axios:
By the numbers: The economy added 199,000 jobs in November, slightly more than forecast.

• 83% of the jobs created — 166,000 jobs — were in health care, government, and leisure.
• Another 28,000 workers came from the manufacturing sector — mostly autoworkers coming back from strikes.
• That leaves just 5,000 new jobs from other sectors.

Jobs are in government because 'they say so.' Spending trillion on government jobs with money were putting on the charge card. Its the Dem way of vote buying.

 

[Tim Hicks (Texas)]

Well, the media is trying to point out the economy is great and we should acknowledge that no matter what your checking account says.

 

[JTip]

America will become Earth's retirement home.

 

[Tim Hicks (Texas)]

MSN

www.msn.com

Layoffs in 2024: A List of Companies Cutting Jobs This Year​

Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records

So far in January, some 23,670 workers have been laid off, the most in any month since March, according to the website Layoffs.fyi.

www.cnbc.com

 

[TerryRohrer]

"Unemployment rates increased in 15 U.S. states in December, up by three from the prior month, but was unchanged in the majority of states and the District of Columbia"

https://www.reuters.com/world/us/unemployment-rose-nearly-third-us-states-december-2024-01-23/#:~:text=NEW%20YORK%2C%20Jan%2023%20(Reuters,a%20report%20showed%20on%20Tuesday.

 

[Fernando]

MSN

www.msn.com

Nobel laureate Paul Krugman says this isn't a 'Goldilocks' economy – it's even better, thanks to strong growth and cooling inflation​

• Paul Krugman believes the outlook for the US economy is better than a "Goldilocks" scenario.
• "We have an economy that is both satisfyingly hot and refreshingly cold," he said Thursday.
• Krugman's comments came after Bureau of Economic Analysis data showed that the US's GDP rose by a better-than-expected 3.3% over the final quarter of 2024.

The US economy isn't just headed for a so-called "Goldilocks" scenario – things are looking even better than that, according to Paul Krugman.

 

[TerryRohrer]

We are all born ignorant, but one must work hard to remain stupid.

Benjamin Franklin

 

[Terrel L. Shields]

Paul Krugman believes the outlook for the US economy is better than a "Goldilocks" scenario.

This is the same guy who predicted email would be a passing fad, and admitted globalization has hurt workers.

 

[Charles West]

Krugman is a Keynesian cheerleader mystifyingly proud of his miserable record at prediction.