Is The Great Layoff Upon Us?

8

To investors,

Many officials and politicians have pointed to the strong labor market as a defense for their claim that the US is not in a recession. The theory is that the current 3.6% unemployment rate, which has fallen drastically from the peak of more than 14% in April 2020, highlights that the economy is strong and people continue to be employed.

The …

This episode is for paid subscribers