Why Tech Layoffs Don’t Reflect the Job Market
The tech sector has made headlines in recent months for announcing significant layoffs, including cuts from major companies like Amazon, Twitter, DoorDash, Carvana, and Netflix. At first glance, these layoffs seem at odds with the strong job market and low unemployment rate in the US. However, upon closer examination, there are a few factors that […]
Another 1.006 million Americans filed new unemployment claims
Another 1 million Americans filed for first-time unemployment insurance benefits last week, as the impacts of the coronavirus pandemic continue to reverberate across the economy. The Labor Department released its report on weekly unemployment insurance claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by […]