Ringing in the New Year With Layoffs

A number of major companies have already announced layoffs in 2023. These are the ones that get the headlines. However, a lot of smaller businesses have also been letting people go or even shutting for good. After all, when Microsoft announces 10,000 job cuts, it is all over the media. Not so when Daddy Pet’s BBQ in Grand Rapids extinguishes the pit. So, what is behind the recent job losses? Are there seasonal factors at play? Or is this more of a systemic weakening in the labor markets in general?

In this week’s Trading Perspectives, Sam and John discuss the recent job cuts, their probable causes, and the likely outcomes. They also touch on another issue: are the elite policy makers completely out of touch with Main Street?