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07/02- Is the labor market softening?
Published 11 months, 3 weeks ago
Description
33,000 private sector jobs lost. That's according to a report from payroll processor ADP. It's a change from forecasts expecting the addition of about 100,000 jobs. Also this morning, Microsoft announced a layoff of 4% of their global workforce or 9,000 people. Today on the Jon Sanchez Show 3pm, we'll break down what's behind the losses and look at whether this is the beginning of a downward trend.