Layoffs and Mass Layoffs in Wisconsin

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A couple of 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 1000’s. Supply: DWD, BLS (JOLTS).

As of 8/13, the August depend is 247, so considerably of a rebound in August, however not a lot. JOLTS indications of layoffs (not simply mass layoffs) are declining via June (newest accessible knowledge).

If Hovde meant on the nationwide degree, I’m unsure what he meant, both.

layoffs jolts

Determine 2: Layoffs per thirty 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.

 

 

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