It seems every day there's a new headline about mass layoffs, and yet the U.S. Bureau of Labor Statistics published a mere 1% layoff rate for the month of August. This month, Netflix was the latest in a series of companies announcing layoffs. Business Insider has reported Meta, Amazon, Walmart and Visa have all announced layoffs this year. Illinois State University economics professor George Waters said it's unusual for layoff rates and hiring rates to both be low at the same time.

It seems every day there's a new headline about mass layoffs, and yet the U.S. Bureau of Labor Statistics published a mere 1% layoff rate for the month of August.&nbsp;This month, Netflix was the latest in a series of companies announcing layoffs. Business Insider has reported Meta, Amazon, Walmart and Visa have all announced layoffs this year.&nbsp;Illinois State University economics professor George Waters said it's unusual for layoff rates and hiring rates to both be low at the same time.

Sound Ideas is WGLT's signature local news series. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with newsmakers, musicians, artists, and anyone with a story to share. New episodes air throughout the day on WGLT.

Sound Ideas is WGLT's signature local news series. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with newsmakers, musicians, artists, and anyone with a story to share. New episodes air throughout the day on WGLT.

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WGLT's Sound Ideas is our flagship news program. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with newsmakers, musicians, artists, and anyone with a story to share. This 30-minute newsmagazine is produced Monday through Friday. You can also subscribe to the Sound Ideas - Full Episodes podcast.

WGLT's Sound Ideas is our flagship news program. Every weekday, WGLT reporters go beyond soundbites for deeper conversations with newsmakers, musicians, artists, and anyone with a story to share. This 30-minute newsmagazine is produced Monday through Friday. You can also subscribe to the Sound Ideas - Full Episodes podcast.

'Uncertainty' keeps people in their jobs, cools labor market

https://api.omny.fm/orgs/090e86c6-4ab6-4873-b560-afff01256522/clips/394491b0-180a-4a79-941b-b4f00034a4ce/transcript