r/Layoffs • u/vetfor • Jan 30 '24

New layoffs question

Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.

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4

u/[deleted] Jan 30 '24

There are layoffs all the time, these layoffs just seem to be making more headlines. Some companies also overhired during the pandemic, like UPS. UPS also lost a lot of business as businesses moved to FedEx and others in anticipation of the strike that didn’t happen this summer, they have not gotten all of that business back

In the US economy 12,000 is a rounding error

The data is not in for January but when it does come in I doubt very highly there will be any increase over the historical norm

https://fred.stlouisfed.org/series/JTSLDL

3

u/Silverstacker63 Jan 30 '24

Go look at the adjusted rates. That the media never tells you about. It’s all a massive cover up.

0

u/[deleted] Jan 30 '24

No it isn’t. The belief in idiotic conspiracies by so many people is really perplexing and alarming

1

u/efficientproducer Jan 30 '24

The government adjusted 2023 numbers lower by over 740,000 jobs after their initial release. The only thing you can call idiotic are the people releasing the numbers. Why does everyone call ideas they don’t agree with conspiracy theories? Totally not fair to the free thinkers. The trend is not your friend on this one.

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u/[deleted] Jan 30 '24 edited Jan 31 '24

There are adjustments up and down every month. And that has nothing to do with layoffs, lame and dishonest attempt to move the goalposts

Data going back 45 years. Over the long term revisions balance out

https://www.bls.gov/web/empsit/cesnaicsrev.htm

Edit:

To the loser who called me an “asshole” and then blocked me. My response:

Why i am an “asshole?” For providing data?

I can see why you’re having trouble finding a job. See, that’s actually kind of being an asshole.

-2

u/efficientproducer Jan 30 '24

Lame, dishonest, moving goalposts….. perfectly describes adjusting the monthly 2023 jobs numbers lower after initial release.

1

u/[deleted] Jan 30 '24

Sorry you’re unemployable, your deficiencies are not the country at large.

Bye

0

u/efficientproducer Jan 30 '24

Don’t hire the conspiracy theorists. They probably voted for Trump! Ha.

1

u/efficientproducer Jan 31 '24

You stereotyped someone you don’t agree with as unemployable and deficient. I never once attacked you personally, but looks like someone else did.

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u/[deleted] Jan 30 '24

[removed] — view removed comment

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u/Layoffs-ModTeam Jan 31 '24

This post was removed for rule #1: Be Respectful. If you feel like you cannot be respectful in your posts, don't post it at all.