Layoffs on the Rise

The tech layoffs are finally starting to show up in the jobs data. From Reuters:

Futures had been selling off, but rebounded sharply on initial claims of 211K versus consensus of 198K and the former print of 190K.  While not very good news for those laid off, the data might take pressure off the Fed to move off its 25bps rate hikes.\ continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password