Layoffs and hires: the economy seeks to rebalance itself after the Covid-19 pandemic

Companies may lay off employees in one area or department while simultaneously hiring new employees in another area or department as part of a larger restructuring effort.

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After a weak shopping season, Americans bounce back in the new year despite inflation

Overall, while rising inflation and interest rates can put pressure on consumer spending, other factors such as consumer confidence, supply chain disruptions, shifts in spending patterns, and sector-specific factors can contribute to a jump in retail sales.

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