DSC Weekly 7 June 2022 - DataScienceCentral.com

It's been a strange week. Layoffs began to rock the tech sector even as employment surged, hitting a high water mark not seen in decades. Part of this came in response to a sell-off in stocks, with the major indexes all in modest bear territory. Ironically, overall demand for goods and services remained strong, although areas such as housing began to cool in previously booming areas such as San Francisco and Seattle. It was, to put it simply, as if someone had decided that it was time for a recession, despite the fact that the economy continues to grow in the wake of the (tentative) end of the Pandemic.