Posted 2/26/2024, 10:00:00 AM
Tech Layoffs Grab Headlines But Job Market Remains Historically Strong
- Layoffs in tech and media are getting attention, but don't reflect the still-strong overall job market and economy
- Unemployment remains historically low at under 4% for the longest stretch since the 1960s
- Tech layoffs are up over 250% since December, but still down 60% from last year's high
- Most industries have more job openings now than pre-pandemic, with healthcare and engineering way up
- Even if all unemployed Americans got jobs, there would still be 3 million unfilled positions due to labor shortage