Major employers signal layoffs in January

[markodochartaigh]

4. US wage growth (3.5%) continues to fall after spiking

during the early days of the pandemic. Benefit growth was actually higher (3.8%). Could companies be anticipating a jump in benefits growth to pay for their part of employees' health insurance which will soon spike because of Republicans cavalier attack on the ACA? Of course the money that hospital corporations, doctors (especially those who are in practices bought by private equity), and other health care providers have been getting from the ACA will have to be made up from somewhere or industry wide layoffs will be needed to maintain profitability.

https://www.bls.gov/news.release/pdf/eci.pdf