The number of layoffs and firings recently hit a record low level, according to government data released Tuesday morning. There were 1.51 million layoffs and discharges in July, down from 1.6 million in June and 1.79 million when the recession started at the end of 2007. The data go back to 2000. Those findings are … Continue reading
Goldman Sachs economist David Mericle explains the importance of this seemingly minor indicator to Fed deliberations on monetary policy: The hiring rate is one of the key indicators for the labor market outlook. The hiring rate dropped sharply during the recession and the layoffs rate spiked. In the last couple of years, the layoffs rate … Continue reading