Posted 1/24/2024, 4:43:17 PM
Tech Layoffs Isolated As Economy Shows Resilience Entering 2023
- Tech layoffs concentrated in tech industry, not spreading to other sectors according to Indeed data
- Manufacturing and services PMIs came in higher than expected in January, signaling strong start to 2023 economy
- Over 21 million signed up for Affordable Care Act health insurance, a record high increase of 16%
- GDP forecast for Q4 to show sharp slowdown in growth due to high interest rates
- Mortgage rates dropped slightly but still remain high, bringing some buyers back but sellers reluctant due to "lock-in" effect