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How Layoff News Is Hiding a Hot Job Market
The Daily
Is the Economy Going to Slow Down?
This is not normal at all. This is a lot of savings. And we've really seen people consuming out of them. They're using this to sort of fuel their spending and keep up the consumption that they've gotten pretty used to over the last couple of years. We're in this moment that is pretty good for workers, but they're also seeing their purchasing power rapidly eroded by inflation. That could be a very painful process for American employees.
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