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The rise in the unemployment rate in the United States has paved the way for the Federal Reserve to cut interest rates, and as for the unemployment rate of 4.2%, I think it has been modified, and many of my friends' companies have laid off employees in Q2.
The main reasons for the layoffs are tariffs and AI, and even the lawyers at our law firm have reported that the volume of consulting business has dropped a lot, and many people have learned to use AI to analyze legal issues.
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