US job growth trend up; some industries lay off

by The Manila Times

Feb 05, 2024 12:16 am

WASHINGTON: Blockbuster job growth in the past several months has coincided with high-profile layoff announcements by a number of large companies.

So, how are both occurring at the same time? It's not as contradictory as it might seem. Recent job cuts have been concentrated mainly in just a few sectors: technology, finance and media.

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