The dynamic is making it even harder to predict the path of the U.S. economy. Consumer spending has remained robust and surprised some economists, despite headwinds such as higher interest rates and persistent inflation.
Wages for workers in the leisure and hospitality industry rose to $20.78 per hour in January from $19.42 a year earlier, according to the most recent"There's a difference between saying the labor market is tight and the labor market is strong," Kelly said. "When you lose a job you don't just lose a job — there's a multiplier effect," said Aneta Markowska, chief economist at Jefferies.
Isn’t it ironic that these same corporations who scream labour shortages are the same ones who are laying off employees when they’re needed most?
So what you're saying is that they have plenty of opportunities to get another job.
They layoff high paying jobs, but hire at minimum wage.
The big tech companies are going to regreat the massive layoffs they just did these past months, those fired will be absorbed by the economy fast but tech companies won't get them back so easily.
I think it's called capitalist trash, folks. Not 'weirdness'.