Morgan Stanley Doesn't Expect Wave of Layoffs in US

The video discusses team arguments as 2023 begins, focusing on economic and labor market trends. The speakers analyze whether the economy is slowing and predict that businesses will hoard labor, leading to slower hiring but not a wave of layoffs. They emphasize that while the economy is slowing, they do not foresee a recession in 2023.

What anecdotal evidence is mentioned regarding businesses and labor?

How does the speaker describe the trend in hiring and layoffs?