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July 25, 2014

Across U.S., layoffs are becoming rare

  • The trend means greater job security and raises hope that workers' pay will finally accelerate after a sluggish recovery for the past half-decade.
  • WASHINGTON (AP) — The risk of losing your job is getting smaller and smaller.

    As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers. Which is why applications for unemployment benefits have dwindled to their lowest level since February 2006 — nearly two years before the Great Recession began — the government said Thursday.


     
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