Despite layoff headlines, there's still plenty of hiring going on in the U.S. economy

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Despite layoff headlines, there's still plenty of hiring going on in the U.S. economy
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The job gains in the January report run counter to the announcements of layoffs by some brand-name firms in Silicon Valley.

that while this won’t be a “major” hiring year for the automaker, it is continuing to look for tech talent, especially among people laid off in Silicon Valley.The strength of Friday's jobs report took most economists by surprise — even those who had dismissed the notion that the U.S. was on the brink of a recession.announced

“Hiring tends to pick up at the beginning of the year, as budgets have been approved and teams seek additional support for initiatives that will drive business growth and customer retention,” said Paul McDonald, senior executive director of Robert Half, in a statement. "The economy is getting back to normal, where job growth is not just being shaped by the pandemic recovery but by longer-term forces like demographics and technological change, which will also be more durable," Pollak said in a recent interview.by President Joe Biden's multibillion-dollar Inflation Reduction Act, are also likely to see outsized growth.

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