by Wolf Richter, Wolf Street:

Still not many layoffs, but concentrated in the San Francisco Bay Area. Workers found new jobs quickly, and employment in California still rose.

Amid all these breathless layoff announcements by tech and social media companies, I’m going to keep an eye on actual layoffs in California as disclosed in the WARN (Worker Adjustment and Retraining Notification) reports. The big tech and social media companies are global companies, and the layoff announcements are global, and they’re just announcements, and only part of them take place in the US, and those are scattered all around the US.