Amid bountiful jobs, US layoffs creep higher
The US jobs engine has continued to deliver for nearly a decade, putting more Americans back to work and sending unemployment to a historic lows.
But, just over a year after Congress enacted sweeping corporate tax cuts meant to jolt the economy, a shadow has crept into the picture: Layoffs are also on the rise.
While claims for unemployment benefits remain low, major companies have begun to swing the axe even as many enjoy the tax windfall and solid profits, and are spending record amounts of cash to buy back their own stock from investors.
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