It is amazing the jobless rate is so low considering…
It is amazing the jobless rate is so low considering over 9,800 retail stores closed during 2019 with an even bigger number expected to shut down this year. Bloomberg News report on December 28, 2019 “Banks around the world are unveiling the biggest round of job cuts in four years as they slash costs to weather a slowing economy and adapt to digital technology. This year more than 50 lenders have announced plans to cut a combined 77,780 jobs, the most since 91,448 in 2015.” The total for the past six years is more than 425,000, and the actual amount is probably higher as many banks eliminate staff without discussing their plans.
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