00:00U.S. employers added more than 71,000 layoffs in November, bringing year-to-date cuts to 1.17 million, the highest level since the pandemic and 54% above last year's levels.
00:13While November's total was lower than October's massive wave, companies cite restructuring, closures, economic conditions, AI, and tariffs as key drivers.
00:23Despite these pressures, weekly jobless claims fell to their lowest point in over three years, even as planned hiring drops and market concerns grow.
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