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Jobs in Free Fall

Jobs in Free Fall

Published 4 days ago
Description

Job losses are surging to levels not seen since the height of the pandemic, with companies planning layoffs at an alarming rate—up 76% from last year and more than double since the current government took office. Unemployment has climbed to 5%, and the situation is hitting young workers hardest, with over a million aged 16–24 disengaged from work, education, or training. Rising wages, taxes, and hiring costs are forcing businesses to cut staff, creating a tough economic climate for employers and entry-level job seekers alike.

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