Another rash of layoffs is sweeping the US economy and its labor market. Only this time, unlike last year, the background behind them is far more concerning and even dangerous (economically, speaking). Those threatened by being thrown out of work know the score isn't entirely made up from those job cuts. It's actually the grim reality of no hiring.
Eurodollar University's Money & Macro Analysis
CNBC Worries grow over a K-shaped economic recovery that favors the wealthy
https://www.cnbc.com/2020/09/04/worries-grow-over-a-k-shaped-economic-recovery-that-favors-the-wealthy.html
Bloomberg How Companies Say ‘Layoffs’ Without Saying ‘Layoffs’
https://www.bloomberg.com/news/articles/2024-02-09/corporate-layoffs-all-the-ways-companies-say-someone-is-unemployed
CNBC As companies lay off even more workers, they could be making a big mistake in the way they’re doing it
https://www.cnbc.com/2024/01/20/as-companies-lay-off-even-more-workers-they-could-be-making-a-mistake.html
Challenger, Gray & Christmas
https://www.challengergray.com/blog/job-cuts-announced-by-us-based-companies-surge-136-to-82307-to-begin-2024-financial-tech-lead/
Bloomberg Job Cuts Are Sending a Chill Through the Remote Work World
https://www.bloomberg.com/news/articles/2024-02-21/layoffs-make-remote-workers-reconsider-work-from-home-jobs?srnd=economics-v2
Transcript of Chair Powell’s Press Conference November 1, 2023
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20231101.pdf
Canadian Survey of Consumer Expectations—Third Quarter of 2023
https://www.bankofcanada.ca/2023/10/canadian-survey-of-consumer-expectations-third-quarter-of-2023/
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.