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U.S. EconomyIMPORTANT

US Challenger Job Cuts (May) 97.006K (Prev. 83.387K); May Job Cuts Rise 16% from April, the highest May total since 2020

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AI drove May job cuts to 97,006, the highest May total since 2020, while tech cuts were the highest since 2023 and AI led the reasons for job cuts for a third month in a row.

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