Linkedin Earnings, Labor Data Show Americans are ‘YOLOing’ the Job Market
https://wccftech.com/linkedin-earnings-labor-data-show-americans-are-yoloing-the-job-market/
When Microsoft’s NASDAQ:MSFT earnings showed that sales of the Xbox Series S and X were hitting all-time highs it vindicated reports that consumer confidence in the US was now at pre-pandemic levels. Earnings results from Microsoft’s Linkedin division show that the job market is on a similar trajectory backed up by labor data from the government.
According to its earnings, Linkedin revenue increased by 25% pushing revenue to the $3 billion mark for the fiscal year-end. Year-on-year Microsoft reported that the revenue growth of the division was up 60%, or 53% quarter-over-quarter.