That's a lot of hiring 🍾
Millions are hired every month, despite news of layoffs 🤯
U.S. employers hired 6.2 million people in December, according to Bureau of Labor Statistics data.
That same month, employers laid off 1.5 million.
[For more on why news is the way it is, read: Beware alarming business stories that get a lot of news coverage 🗞️]
In fact, the ratio of hires to layoffs is actually above the pre-pandemic trend.
All this makes sense if you understand that companies cut hundreds of thousands — and sometimes millions — of jobs per month even during boom times for the economy.
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