On Unemployment — What happened since pandemic and what will be the job market outlook in 2023?

There no short of job cutting news at the end of 2022. According to layoffs.fyi, 1003 companies cut 152,421 jobs. Walls street did not escape the trend. Goldman Sachs planed to lay off 4,000 employees, around 8% of its total headcount. Even those CPG companies, for example, Pepsi, cut off hundreds of jobs.

While white collar worker got sacked, the U.S. is facing labor shortage, especially in hospitality, health care and government and the overall unemployment rate is at…