I keep hearing about slowdowns/freezes/layoffs in tech and consulting hiring, yet US Employment statistics keep pointing towards consistent or even higher job postings. Is it just that labor demand is increasing in other sectors?

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Tech and consulting overhired last year so the market is going back to where it should be.

Job postings are mostly in the hospitality and food industry. When restaurants shut down in the pandemic, workers in those industries left. When restaurants opened back up, they didn’t return.

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Yes. Different industries have different trends. Quick data dump. https://www.bls.gov/news.release/jolts.t01.htm

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