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.
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.
