Why so many layoffs in a hot labor market?
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Cisco, the communications infrastructure giant, is planning to cut lots of jobs. It’s the latest high-profile company to do so. Meanwhile, we keep getting positive indicators about the labor market, like today\\u2019s data on falling jobless claims. We’ll explain the disconnect on today’s show. Also: What rising import prices mean, tracking shipments on freight trains and why a bank created to integrate emancipated Black Americans into the economy matters today.
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