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If companies are doing hiring freezes and layoffs, will the labor numbers remain strong?
by jfoster 4y ago
If companies are doing hiring freezes and layoffs, will the labor numbers remain strong?
- evan_ 4y agoYeah probably, the tech layoffs amount to a couple thousand people in a labor force of hundreds of millions.
- whimsicalism 4y agoSure, but if you consider what is causing these layoffs: anticipated weaker aggregate demand -> less demand for ads but also less demand for workers -> weakening labor market. I mean, the Fed's goal right now is basically to slow wage growth so that average people are no longer bidding up the price of our limited supply.