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To the delight of employers and employees alike, the U.S. job market started strong in 2024. More than 350,000 new jobs were added in January alone. For the third straight month, the unemployment rate is holding steady at a low of 3.7%.
The Bureau of Labor and Statistics noted that “job gains occurred in professional and business services, health care, retail trade and social assistance.” Most industries are enjoying the boon in hiring and profits. One industry that isn’t, however, is the tech industry.
Layoffs in
