How Layoff News Is Hiding a Hot Job Market

<p> Companies like Meta and Twitter have said that they will be cutting jobs. Google and Amazon have announced that they are putting a freeze on any new hiring.</p><p>Are tech layoffs a sign of things to come across other sectors? Is this the opening bell for the bad news on the economy that many have been bracing for?</p><p>Guest: <a href="https://www.nytimes.com/by/jeanna-smialek?smid=pc-thedaily">Jeanna Smialek</a>, a correspondent covering the Federal Reserve and economy for The New York Times.</p><p>Background reading: </p><ul><li>President Biden is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth<a href="https://www.nytimes.com/2022/12/02/business/the-biden-economy-keeps-churning-out-jobs.html"> amid their campaign to tame inflation</a>.</li></ul><p>For more information on today’s episode, visit </p><p><a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a></p><p>. Transcripts of each episode will be made available by the next workday.</p>