Layoff news is hurting employee confidence: Glassdoor

Описание: According to the latest data from Layoffs.fyi, over 24,000 workers from 93 companies have lost their jobs so far in 2024. In addition, recent data from Glassdoor, employee confidence has fallen to its lowest level since 2016. Can the labor market bounce back from layoffs and recent pessimism?
Glassdoor Lead Economist Daniel Zhao joins Yahoo Finance to discuss the health of the labor market and what future jobs data could spell for 2024.
"The hiring rate has come down really significantly in the latest JOLTS data and that's basically at its lowest pre-pandemic level since 2014, so hiring has really come down even though layoffs haven't really increased as much as the headlines might imply, and I think that's actually creating a bit of lock-in," Zhao says. "We talk about lock-in in the... housing sector, but for the job market, we're seeing a lot less hiring, a lot less voluntary turnover as people quit less, and there are people who are hunkering down in a bit of a holding pattern for their careers."
#youtube #jobs #tech
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