job cuts: Top IT companies cut over 72,000 jobs in FY24
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One of the most notable findings from the jobs report released this morning is that job creation has finally slowed down, with employers adding 175,000 jobs in April. The shift comes after a period of steady job growth and low unemployment, exceeding the expectations of economists who had warned that the labor market would eventually cool off. The unemployment rate has now remained under 4% for 27 months, a streak that the U.S. economy has not seen in over 50 years. While the unemployment...
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April jobs report misses expectations, signaling a possible slowdown
U.S. employers added 175,000 jobs in April.