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Why unemployment remains low even as layoffs tick up

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Podcast by Marketplace / Kai Ryssdal
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Tech and finance companies have announced major job cuts recently, yet the unemployment rate hit at a 50-year low in December. What gives? The answer lies in the still-tight job market and the hassles of dealing with outdated unemployment systems. Then, why business economists are less glum about the economy and why big banks want to get into the digital wallet biz.

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