This week we learned the economy grew 2.9% in the fourth quarter of 2022. We saw over 200,000 new positions for people open up in December alone. Why are these behemoth businesses acting like we are in a recession when the economy is looking pretty okay? It is coming up on Today Explained.
Wealthy companies like Google and Microsoft are announcing unprecedented layoffs — all while the economy is trending in the right direction. Vox’s Emily Stewart explains.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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