Flat Beveridge strikes again. You know the drill. We’ve been stuck in forgot how to grow and its no-hire/no-fire labor market the past few years. That began to change last year, especially last summer when no-hiring somehow got to be even less hiring. Then last year and this year, no-firing became some firing, in other words, shifting to the flat part of the Beveridge curve. But what we’ve been getting more recently looks to be an escalation in firing. Verizon just announced it may be cutting 15% of its 100,000 strong workforce.  

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Texas Service Sector Outlook Survey
https://www.dallasfed.org/research/surveys/tssos/2025/2510#tab-report

Bloomberg Verizon Eyes Up to 15,000 Layoffs as New CEO Takes Charge
https://www.bloomberg.com/news/articles/2025-11-13/verizon-layoffs-could-come-next-week-as-new-ceo-takes-charge

CNBC White House says October jobs and inflation data may never be released because of the shutdown
https://www.cnbc.com/2025/11/12/white-house-october-data-release.html

Bloomberg Fed’s Perli Says Won’t Be Long Before Fed Starts Buying Assets
https://www.bloomberg.com/news/articles/2025-11-12/fed-s-perli-says-won-t-be-long-before-fed-starts-buying-assets

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