Why Businesses Aren't Laying Off Workers

Job growth has been strong largely because layoffs have remained low. In the case of the consumer, they got cash in a bank. So that feels like that's a pretty easy explanation for why they're able to spend. The explanation for why businesses aren't laying off workers and why job growth is sort of strong? Well, I think the labor force participation was a bit of a surprise. Not so much the fact that we are creating all these jobs, but that they're surprised by a lot of stuff.