Tech giants like Meta and Twitter announced historic layoffs last month, causing quite a stir in the news media. Declarations of end times rolled in as workers packed up their desks, but these headlines failed to mention that other tech companies were still hiring.
The Information sector, which includes tech jobs like those in data processing and telecommunications, gained an impressive 19,000 jobs in November, despite all the news of layoffs.
In October, the month these stories started rolling in, the layoffs rate did tick up slightly, to 1.3%. Simultaneously, however, openings also rose in the