There have actually been 76,000 layoffs in that sector alone since the start of the year. We still are seeing in the aggregate layoffs at among their lowest levels on record. There are 10 and a half million job openings in our most recent data. But so far, at least, it's really been isolated to a few sectors.
The typical sales price of an existing family home in the United States in December: 372,700. The number of layoffs in the tech sector since the beginning of the year: 76,000. The number by which consumer spending fell in December: 0.2 percent. The increase in the cost of the same kind of carton of eggs bought by an editor on “The Daily” a year apart: 251 percent.
What do these numbers tell us about the state of the country’s economy?
Guest: Ben Casselman, an economics and business reporter for The New York Times.
Background reading:
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