Just a few days in the past, Eric Hovde spoke about impending mass layoffs. I couldn’t determine what he was speaking about; right here’re some indicators for Wisconsin, and for the nation.
Determine 1: Wisconsin Mass layoff notifications, by month of notification (blue, left scale), and JOLTS layoffs, s.a. (tan, proper scale), each in hundreds. Supply: DWD, BLS (JOLTS).
As of 8/13, the August rely is 247, so considerably of a rebound in August, however not a lot. JOLTS indications of layoffs (not simply mass layoffs) are declining by means of June (newest obtainable information).
If Hovde meant on the nationwide stage, I’m unsure what he meant, both.
Determine 2: Layoffs per 30 days, 000’s (black, left scale), as share of employment (purple, proper scale). Supply: BLS, and writer’s calculations.
If anyone can illuminate what Mr. Hovde means, please ship me concepts.
