Tech Layoffs Raise Concerns But Broader Job Market Remains Resilient

Recent layoffs in tech have created concerns, but overall job market remains resilient with little sign of mass layoffs. Consumer spending still healthy.

Job numbers show companies are still hiring and retaining workers, with little broad evidence of cuts.

Layoffs concentrated in specific sectors like tech and banks, not indicative of wider labor crisis. Market has cooled from pandemic highs but still strong.

Fed rate hikes have slowed hiring and borrowing, risks of more layoffs if rates stay high. But unemployment still near historic lows.

Risks remain with high rates, but no expectation yet of mass layoffs or spike in unemployment. Signs of strength like consumer spending on services.