Where the jobs are: Strong hiring in most industries has far outpaced high-profile layoffs
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Blockbuster job growth in the past several months has coincided with high-profile layoff announcements by a number of large companies. Recent job cuts have been concentrated mainly in just a few sectors: technology, finance, and media. Layoffs have been dwarfed by consistently vigorous hiring, with a monthly average of 248,000 jobs added over the past six months. In January, American businesses and other employers added 353,000 jobs, the biggest monthly haul in a year. Several well-known companies, including , Spotify, and Facebook's parent Meta, have announced layoffs. Most industries have continued to add workers over the past three months, including manufacturers, restaurants, hotels, entertainment companies, and health care providers. The job cuts have been more concentrated in sectors such as technology. Companies tend to shed jobs for various reasons, such as changes in business strategy or to maintain profit margins. Layoffs even of significant magnitude, such as UPS' announcement to cut 12,000 jobs this year, do not significantly impact the vast U.S. economy. Overall, the job market is fundamentally healthy, with low levels of people seeking unemployment benefits and private-sector companies continuing to add workers.

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https://apnews.com/article/jobs-hiring-layoffs-unemployment-economy-inflation-29028a515cfd6250f3588254e77e6922