These tech layoffs really aren't that scary

[Silver Ridge Market Report Logo] Dear Reader, For months, we’ve been reading about prominent tech companies announcing hiring freezes and layoffs. While these developments are certainly challenging to those affected, their impact hasn’t been very significant at the economy-wide level. U.S. employers have been announcing a little over 1 million layoffs per month for months, a seemingly high number. But that number represents a little under 1% of total employment, a figure that’s been below pre-pandemic levels for months. In other words, these layoff announcements do not reflect a widespread downturn in the U.S. labor market at this time. It’s fair to say that the market for tech jobs is experiencing hiccups. However, tech represents a very small share of total employment in the U.S. Don’t forget there are still a lot of job openings in the economy. Goldman Sachs economists note that even job openings in the tech industry remain high, meaning laid-off tech workers are entering a market full of opportunities where they can continue using their skills. So it may very well be the case that turmoil in the tech industry is somewhat isolated. We’ll see. Editor, Silver Ridge Market Report Andrew Graham [A Graham Signature] Sponsored P.S. [97% Accuracy For The Last 8 Years… Really?]( If that sounds too good to be true… trust me, I get it. But one trader has done just that, holding one of the top track records on Wall Street in recent years. Regardless of bull or bear markets his 9/10 win rate has held strong (with no signs of slowing down). Now he wants YOU to have the same opportunity to rack up incredible gains, no matter what the market does next. Still not convinced? [Click HERE to see it with your own eyes](. [Privacy Policy/Disclosures]( 406 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 406 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 406 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@e1.profitraven.com or click the unsubscribe button below. Silver Ridge Market Report is now brought to you by ProfitRaven.com a thought leader in the financial publishing and alternative investment idea space. All rights reserved. Republishing Prohibited without expressed written consent of 406 Media, or their designated agent. 30 N Gould St, STE R, Sheridan WY 82801 This e-mail has been sent to {EMAIL}, [click here to unsubscribe](.