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Jobs Slow, AI Rises, Inflation Lingers | Calgary News
Job growth slowed to just 57,000 last month, sparking concern as inflation lingers and consumer confidence dips—but the broader economy’s still chugging along at a modest pace. Recent revisions downgraded April and May numbers, hinting at cautious expansion. While hiring has rebounded over the past three months, temporary boosts in sectors like hospitality may not repeat. AI’s rise hasn’t triggered mass layoffs—and in some cases, it’s boosting productivity. Meanwhile, fewer workers quitting jobs creates a mismatch between employer needs and available talent, all while paychecks shrink under…
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