US applications for jobless benefits highest since October 2021

[BumRushDaShow]

2. But then the hospitality/leisure

has been hiring aroud 77,000 per month (on average) for awhile.

The tech hits are probably partly the so-far unrealized "AI" (including that "Metaverse" stuff) and a ramp down from supporting all the work- and school-from-home functions that exploded during the pandemic, that are in a slow reversal. It won't all go away but there was a realization that many white collar/office-based companies found themselves staring at large metroplex buildings and towers with empty offices that they were still paying rent for.