Labor market is steady and stable despite layoffs: Economist

Citigroup CFO Mark Mason (C) announced on Friday that the company will lay off 20,000 employees over the next two years. The company is joined by several others including Amazon (AMZN) and Google (GOOG, GOOGL) who have also announced upcoming layoffs. But are these job cuts a sign of things to come or is the job market more secure than these announcements lead on?
LinkedIn Senior Economist Kory Kantenga joins Yahoo Finance to give insight into the job market and whether or not the layoff announcements are something consumers should worry about.
"Overall, when we look at the data both at LinkedIn and the Bureau of Labor Statistics, the labor market seems pretty steady and stable. We're seeing that hiring is actually up in December, and we've seen the lowest decrease compared to last year in December in LinkedIn data than we've seen in over 12 months," Kantenga says.

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: Twitter: YahooFinance
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook: Facebook: yahoofinance
LinkedIn: LinkedIn: yahoo-finance

• #news_politics
• #yahoo_finance
• #personal_finance
• #money
• #investing
• #business
• #savings
• #investment
• #stocks
• #bonds
• #fx
• #currencies
• #nyse
• #equities
• #news
• #politics
• #market
• #markets
• #yahoo_finance_premium
• #stock_market