Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market

Rates of interest are rising, inflation is elevated and recession fears linger. Regardless of all that, employers maintain hiring.

The U.S. added 1.1 million jobs over the previous three months and ramped up hiring in January. That seems puzzling, given final 12 months’s

economic cool down, indicators that buyers are pulling back on spending as their financial savings dwindle, and a stream of corporate layoff announcements, significantly in technology.