Column chart showing the change in U.S. ADP Private Payrolls each month from January. Source: ADP Research Institute.
Economy

Resilience Amid Uncertainty: The Surprising Strength of the U.S. Labor Market as Indicated by JOLTS and ADP Private Payrolls Reports

Despite economic uncertainties, the U.S. labor market is showing signs of surprising durability. Data from the JOLTS survey and the ADP private payrolls report reveal strong job growth and moderated wage pressures, suggesting a robust labor market that acts as a shock absorber against potential economic risks.

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Worthy Reads: Week Ending May 26th, 2023

The Return to the Office Has Stalled The Wall Street Journal reports that the return to the office has stalled, with many companies delaying their plans for employees to return to in-person work due to ongoing uncertainties surrounding the COVID-19 pandemic. The article discusses how shifting timelines and evolving health guidelines have led to a cautious approach from employers, impacting office occupancy rates and the

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Interactive bubble chart visualization showing tech employee layoffs from January 2022 to April 2023. Each bubble represents a layoff round by a specific company, is categorized by technology subsector, and is scaled to the number of technology employees fired.
Economy

Tech Layoffs Have Spiked Since the Federal Reserve Began Raising Interest Rates (Interactive Visualization)

After a period of aggressive hiring during the pandemic, tech giants are experiencing a significant reversal, with nearly 200,000 layoffs since the start of 2022, including from major firms like Alphabet, Amazon, and Meta. The tech layoffs partially reflect regrets over overzealous expansion and misjudging the longevity of pandemic-induced growth in online services.

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Column chart showing total new-home sales by month from January 2018 to April 2023. Source: U.S. Census Bureau.
Residential Real Estate

New-Home Sales Unexpectedly Rise in April

New-home sales rise to their highest level since March 2022, while prices witness a significant drop. Find out what this means for housing trends and the economy in our latest blog post.

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