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Each yr, the federal government revises these estimates to bring them in line with extra definitive knowledge collected by states by way of their unemployment insurance coverage methods. United Parcel Service joined a slew of tech corporations in saying that it might be lowering its headcount this year. The firm mentioned on Tuesday that it would reduce 12,000 jobs in an effort to slash costs as wages rise and its bundle volumes fall. In the approaching months, economists had anticipated the labor market to become more like its prepandemic self, without the enormous job development that followed the pandemic lockdowns.…
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