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No one is hiring yet no one is firing. The latter doesn't mean employers aren't getting rid of workers, because they are. Lots of them. A hiring freeze is only the first part of cost-cutting in a weak economy. From consumer surveys to govt jobs estimates, the labor market is on everyone's mind right now, employers and employees. Eurodollar University's Money & Macro Analysis Nissan offers buyouts as US production scales back
https://www.automotivedive.com/news/nissan-buyouts-workforce-production-reduction-2025-tennessee-mississippi/738816/ NBC News Bridgestone closes a tire plant in Tennessee with 700 layoffs and other reductions
https://www.nbcnews.com/news/us-news/bridgestone-announces-tire-plant-closure-tennessee-700-layoffs-reducti-rcna189277 Bloomberg STMicro Eyes Workforce Cuts of Up to 3,000 in Chip Slump
https://www.bloomberg.com/news/articles/2025-01-31/stmicro-eyes-workforce-cuts-of-up-to-6-as-chip-slump-drags-on US Consumer Confidence Retreated in January
https://www.conference-board.org/topics/consumer-confidence/press/CCI-Jan-2025 https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU |
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