Jobs Market isChanging

[CloverKnollFarms]

Amazon to lay off 10,000. The economy is strong as hell.

 

[MossRoad]

Amazon to lay off 10,000. The economy is strong as hell.

Let's put that in perspective.

With more than 1.5 million employees, that's 0.6667 of their workforce.

That would be the equivalent of a company with about 130 employees laying off 1 person.

The release from the company said they had to scramble to hire massive numbers of people at the start of the pandemic to satisfy the demand of people shopping from home. Now that people are going outdoors again, back to work, etc... the demand is slowing. They said it's a whipsaw effect, and their efficiency analysis said many were duplicate jobs that took a while to ferret out.

There were over 220,000 jobs added in the U.S. in October.

There hasn't been one month since January 2021 where jobs haven't been added.



That's not to make light of the fact that 10,000 people lost their jobs. It's just putting things in perspective of the overall job market and the big picture of the current employment situation.

 

[sea2summit]

Let's put that in perspective.

With more than 1.5 million employees, that's 0.6667 of their workforce.

That would be the equivalent of a company with about 130 employees laying off 1 person.

The release from the company said they had to scramble to hire massive numbers of people at the start of the pandemic to satisfy the demand of people shopping from home. Now that people are going outdoors again, back to work, etc... the demand is slowing. They said it's a whipsaw effect, and their efficiency analysis said many were duplicate jobs that took a while to ferret out.

There were over 220,000 jobs added in the U.S. in October.

There hasn't been one month since January 2021 where jobs haven't been added.

View attachment 770929

That's not to make light of the fact that 10,000 people lost their jobs. It's just putting things in perspective of the overall job market and the big picture of the current employment situation.

Interesting, how many have left the job market to make that statistic look so good as it's just a measure of who wants a job vs who can get one...

 

[Hay Dude]

A little more perspective: Meta just laid off 13% of its workforce, so the economy continues to shrink.

Here are the Big Tech companies that have announced layoffs in 2022

Big Tech companies have announced tens of thousands of layoffs in recent weeks amid stock losses, jumbo interest rate hikes implemented by the Federal Reserve and consumers’ pivot away from g…

thehill.com

 

[MossRoad]

The job growth outweighs the layoffs.

 

[Oaktree]

A little more perspective: Meta just laid off 13% of its workforce, so the economy continues to shrink.

Here are the Big Tech companies that have announced layoffs in 2022

Big Tech companies have announced tens of thousands of layoffs in recent weeks amid stock losses, jumbo interest rate hikes implemented by the Federal Reserve and consumers’ pivot away from g…

thehill.com

How different is this than any other business? In boom times, companies get bloated with more employees than they really need. Eventually, that growth tapers off/declines and someone wakes up to that fact and starts to trim the fat. What exactly do all these people who work(ed) at Facebook/Meta actually do?

 

[sea2summit]

The job growth outweighs the layoffs.

Because no one wants to work...there is a labor shortage.

But either way, these stats are so manipulated and cherry picked by both parties putting any weight in them at all is pretty self destructive for the lay person.

 

[MossRoad]

Because no one wants to work...there is a labor shortage.

But either way, these stats are so manipulated and cherry picked by both parties putting any weight in them at all is pretty self destructive for the lay person.

Think about what you just said.

The U.S. has added hundreds of thousands of jobs each month for the past 22 months because no one wants to work?

 

[Hay Dude]

Think about what you just said.

The U.S. has added hundreds of thousands of jobs each month for the past 22 months because no one wants to work?

No it’s because there’s more demand for workers since the pandemic has eased.

 

[5030]

Adding jobs and filling those added positions with employees are 2 distinctly different things. There are a boatload of unfilled 'positions' out there because at least in the under 30 crowd, applicants (if they even do apply), want top buck to start, complete benefit packages immediately and time off when they get a hair crossways.

Work ethic today has basically vanished.