US layoffs for October surge to two-decade high

(reuters.com)

47 points | by geox a day ago ago

3 comments

  • Peroni a day ago ago

    >Some industries are correcting after the hiring boom of the pandemic

    The main correction is the staggering reduction in job vacancies. There's no world where I can be convinced that the surging number of redundancies can be explained away as a post-COVID course correction.

    If this was just the market correcting itself, we would have the same level of unemployment today as what we had pre-COVID.

  • egberts1 a day ago ago

    Is it mostly H1-Bs?