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How is unemployment so low then ? Most of these Anerican companies and layoffs happened in US too. Indian startups laying people off is due to less cheap money and faulty business models. Job growth in India is stunted due to economic mismanagement and the fact that the country doesn't do much manufacturing or isnt as important in the global supply chain. And the influence of AI doesnt show up anywhere. Overall a poorly written article.

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Unemployment figures have been purged of many, many people that just gave up working in COVID.

And given the political importance of unemployment figures there is probably a great deal of additional manipulations the government does on them as it approaches election year.

The U6 unemployment rate that counts discouraged workers is way down from the peak of pandemic and back to previous values. All the unemployment numbers are at historically low values.

Large numbers of people who left workforce for pandemic have come back.

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