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Breaking Posted 4 hours ago

US Tech Employment Falls 22% Since August 2022 Peak

News
Silicon Valley's Information sector shed 28,914 jobs since August 2022, erasing pandemic-era gains and reaching lowest levels since October 2019. Professional services also declined 35,500 jobs since June 2022. Tech layoffs signal broader US labor-market softening, pressuring USD as recession concerns weigh against Fed rate-hold narrative tied to sticky PCE inflation.
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