Is “Three” the New “Two?”
Consumer prices notched another 3% year-on-year increase in September, according to data from the Bureau of Labor Statistics. Despite this, no one in Washington seems bothered that inflation remains well above the Federal Reserve’s 2% target.
The big headlines about job losses tend to focus on major employers. For example, UPS has announced layoffs of 48,000 workers, Intel is cutting 24,000 positions, Amazon is reducing its workforce by up to 30,000, and Target is letting go of 1,800 employees. These pink slips are being dropped largely on white-collar positions.
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https://rapidcityjournal.com/opinion/column/article_3974b559-29fb-54ab-8182-80c84ca786c0.html