Id--t thelayoff staff is posting this same message on every single company micro page to stoke fear rather than wishing people a Happy New Year.
Tip of the day: Let real employees post not site admins.
2 replies (most recent on top)
Basically, the less number of people hired in the current month compared to the previous month, means an increase in unemployment which means more people got laid off in the current month.
The Federal Central Bank of USA said they would start cutting interest rates but the federal polices all have a lag effect, therefore, any cuts in interest rate they do won't take effect right away. It may take six months before you actually see the difference in prices for food or merchandise. And if unemployment increases, then people still won't be able to afford at a lower price (but not really as low price as before covid - only a few dimes lower) because they are unemployed and can't live off the unemployment check amount they receive. Everyone is saying there won't be a recession, but I think that's being too optimistic cause OPEC+ will be cutting 2 million barrels per day of oil startin in 2024 instead of 1 million barrels per day (currently in 2023). Therefore, oil prices will go up and so will Headline Inflation (which includes energy and food prices) because you need gas to transport any items such as milk and other food items, and merchandise, etc. And when Headline Inflation goes up, the Fed won't cut rates.
But what happens when Headline Inflation goes up and unemployment increases? Would that mean recession?
Happy New Year! Get ready for large amounts of layoffs in 2024 in all industries. Just look at the chart for amount of jobs added in 2023 (chart below)
In November 2023, the number of jobs added (meaning the number of people that were hired in USA) were 199,000 and in December 2023 it was 170,000.
That's a decline of 29,000 jobs in Dec that is usually busy due to holidays (where many stores would hire additional workers to help customers with the busy holiday shopping). This translates to an increase in the number of people getting laid off (meaning higher unemployment rate). And a Happy New Year to you too!
https://newslink.mba.org/servicing-newslink/2023/november/mba-servicing-newslink-tuesday-nov-7-2023/mba-chart-of-the-week-monthly-payroll-growth-and-unemployment-rate/