Per The Washington Post and Goldman Sachs
Goldman Sachs Says 'Tech Layoffs Are Not a Sign of an Impending Recession
11/23/2022
Goldman Sachs economist Jan Hatzius said, "tech layoffs are not a sign of an impending recession," saying the unemployment rate would only rise by 0.3% despite most tech industries losing jobs simultaneously.
GS released a report noting economists say there is a 35% probability of a US recession over the next year.
Goldman Sachs: "The US may avoid a downturn partly because data on economic activity is nowhere close to recessionary."
See full $GS flow at unusualwhales.com/flow.
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