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Peek of the Week

Layoffs, wages, and accumulated debts

Peek of the Week - Weekly Market Commentary for February 5, 2024. Last week, the January 2024 Challenger Report found that employers based in the United States cut more than 82,000 jobs in January. That’s a lot. In December 2023, about 35,000 layoffs were announced. The January job cuts were concentrated in a few industries, and the reasons for the cuts included companies restructuring to lower costs and reorienting toward artificial intelligence.

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