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Jobs Dip, AI Rises, Markets React | Durham News
The latest jobs report shows the U.S. lost 23,000 jobs, mostly from local government and education, but manufacturing added positions and unemployment held steady at 4.1%. Wall Street sees this as a relief—potentially killing any hopes for a September rate hike. Meanwhile, tech firms are slashing roles while betting big on AI to fill gaps, pushing workers to upskill fast. AI’s a double-edged sword: it’s both a shield and a sword, reshaping industries as humans scramble to stay ahead. Behind the scenes, Amazon’s AI and cloud growth is offsetting retail weakness, while oil giants soar when…
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