✉news BusinessEconomy first seen 20 h ago, last 2 h ago, peak #2
Layoffs remain extremely low despite Americans' economic gloom
Original: Layoffs at ‘extremely low levels’ despite Americans’ gloom about the economy
New reporting highlights a sharp mismatch between layoffs, which are at what economists call extremely low levels, and American sentiment, which remains deeply pessimistic about the economy. The gap suggests workers are largely keeping their jobs while confidence stays weak, likely weighed down by high prices and broader perceptions rather than actual job losses, leaving economists puzzling over why gloom persists when the labor market looks solid.
Why now: The disconnect between strong labor data and widespread pessimism about the economy is striking and prompts debate about how Americans perceive economic conditions.
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Evidence
- Layoffs at ‘extremely low levels’ despite Americans’ gloom about the economy · The Washington Post
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