A few days ago, Eric Hovde talked about the coming mass layoffs. I couldn’t figure out what you were talking about; Here are some indicators for Wisconsin, and the nation.
Figure 1: Wisconsin Mass layoff notices, by month of notice (blue scale, left), and JOLTS layoffs, sa (tan, right scale), both in thousands. Source: DWD, BLS (JOLTS).
As of 8/13, the number for August is 247, so it’s almost a rebound in August, but not by much. JOLTS are layoff indicators (not just plural layoffs) decreased in June (latest available data).
If Hovde meant national level, I’m not sure what he meant.
Figure 2: Layoffs per month, 000s (black, left scale), as a share of employment (red scale, right). Source: BLS, and author’s statistics.
If anyone can shed light on what Mr. Hovde, please send me comments.
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