Carol Costello: It's gone beyond labor hoarding now. I'm calling it pandemic paranoia. This overhang from the tight, very difficult labor market coming out of the crisis. Employers tried very hard to attract and retain workers. So that's the first thing. The second thing is we see all these headlines around layoffs. But if you put it in perspective, in December 2019, jobs were 1.2%. Fast forward December 2022, layoffs under 1% of the workforce.
Becky Frankiewicz, President at ManpowerGroup, shares her thoughts on the US labor market reporting that January hiring unexpectedly surged and unemployment fell to a 53-year low. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Reporter Kim Bhasin provide the details of Kim's Businessweek Magazine story Billionaire’s Son Battles Turbulent WWE Over Future of Wrestling. Bloomberg News Technology Reporter Davey Alba explains how Apple, Alphabet, Amazon have all been hurt as an economic slump crimps demand. Michael Gao, CEO at Fabric Systems, talks about building better blockchain hardware. And we Drive to the Close with Vance Howard, CEO at Howard Capital Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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