Jobless claims show businesses are still desperately seeking workers, despite banking woes. jdlahart explains. WSJWhatsNow
Illustration: Ali LarkinAll those tech layoffs didn’t do much to dent the job market. The recent roiling of banks might not either.
U.S. job growth has remained remarkably strong, despite the Federal Reserve’s sharply increasing interest rates over the past year, the crumbling of housing, and several rounds of headline-grabbing layoffs from companies such as Google-parent Alphabet , Meta Platforms and Amazon.com . With businesses ranging from hospitals to hotels struggling to get to adequate staffing levels, the number of people losing jobs has paled in comparison to those who have been getting them.
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