'We're at a tipping point:' What to expect from the jobs report on Friday | CNN Business

But that once high-octane ride is showing some signs of wear and tear amid the Federal Reserve’s yearlong efforts to cool inflation by suppressing demand. Job cuts are mounting, hiring activity is losing momentum, and uncertainty is simmering as to how the banking sector’s recent tumult could ripple through the economy.

Weekly claims totaled 228,000, down from the upwardly revised total the week before but above economists’ expectations of 200,000. . Potential red flags The overall strength of the job market — and ongoing demand in underemployed industries like leisure and hospitality as well as health care — more than offset the losses seen in tech and finance. There still remains uncertainty about the extent to which those and other layoffs may ripple through the broader labor market.

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5,000 GM salaried staff took buyouts | CNN BusinessAbout 5,000 General Motors white collar employees have taken buyouts, according to GM CFO Paul Jacobson. We are building back better I see
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The creator of the Catan board game has died | CNN BusinessKlaus Teuber, creator of the blockbuster board game Catan, has passed away. JoeCHendricks ):
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Millennial app founder arrested, charged with defrauding JPMorgan Chase | CNN BusinessCharlie Javice, founder of the buzzy student financial assistance startup Frank, was arrested Monday night and charged by the US Securities and Exchange Commission for allegedly defrauding JPMorgan Chase in the $175 million acquisition of her company.
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