Locally, Wells Fargo, Pacific Source and Powell’s Books – here in Oregon – have all announced additional layoffs.
Amazon, General Motors and other national name brand companies have announced layoffs. Hiring of new workers, particularly entry level, is said to be anemic.
The employment markets seem a bit unhealthy at the moment – although, the above are anecdotes and not necessarily a full picture.
The Federal Reserve cut interest rates today, it is said, because of concerns over the job market.
Why the Fed is cutting rates even as prices keep rising
Another view: Amazon, UPS, Other Big Layoffs Don’t Tell the Whole Job Market Picture – Business Insider
- However, the US is in an overall low-hire, low-fire job market.
- It would take about 20 more Amazon-sized layoffs to get to a worrisome level.
