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November's US jobs report showed modest growth of 64,000 jobs and unemployment rising to 4.6%, signaling a cooling labor market amid economic uncertainties and data delays from a government shutdown. This complicates the Federal Reserve's interest rate decisions, potentially pressuring further adjustments to stimulate growth.
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In 2025, entry-level hiring falters due to grade inflation, AI-generated applications eroding trust in resumes and GPAs, and automated screening overlooking potential. Economic shifts widen skills gaps, shrinking opportunities for graduates. Companies innovate with skills-based assessments, but hybrid human-AI approaches are needed for fairer processes.
As McKinsey nears its centennial, it plans to cut about 10% of its 45,000-strong workforce, targeting non-client-facing roles amid a consulting industry slowdown driven by reduced demand, economic pressures, AI automation, and geopolitical tensions. Rivals like EY and Accenture face similar challenges, signaling a shift from boom times.
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A coalition of 20 states, including California, New York, and Washington, has sued the Trump administration over a $100,000 fee on new H-1B visas, imposed in September 2025 to prioritize American workers. Critics argue it harms innovation, tech, healthcare, and education sectors by deterring skilled foreign talent. The lawsuit claims the fee exceeds executive authority and violates federal laws.
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