Wall Street Journal: “Companies in a broadening array of industries are announcing layoffs as they struggle with declining business activity, rising interest rates, high inflation and shifting consumer-spending habits.“
“But one characteristic of today’s economy is that job cuts at small startups and large companies have yet to dent the overall labor market. Labor demand is still historically strong, offering only faint signs of cooling. There are nearly two job openings for every unemployed person seeking work. That means many workers who are losing their jobs are quickly landing jobs. Some are even weighing multiple offers and accepting positions that pay more and better align with their skills.”
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