Economic update: New jobs, tech layoffs and European strikes

Economic update: New jobs, tech layoffs and European strikes
MPR News’ senior economics contributor Chris Farrell joined host Angela Davis to explain the jaw-dropping increase in jobs, the layoff trend in the tech industry and what’s behind the civil servant strikes in Europe.
John Guccione via Pexels

Despite the tech sector being hit hard with layoffs, there’s no recession in sight in the U.S., thanks to a few key industries that have been furiously hiring. With a strong job market and inflation easing, the Federal Reserve should feel more comfortable ending its campaign of rate hikes sooner rather than later. MPR News’ senior economics contributor Chris Farrell joins Angela Davis to explain these trends and what’s behind the strikes in Britain and France.

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