Sudden layoffs amid declining unemployment in U.S.

Job gains in the U.S. occurred in professional and business services, health care, retail trade, and social assistance, and the national unemployment rate now sits at 3.7 percent. It’s the longest stretch that rate has been below 4 percent in 50 years. At the same time, there’s been a rash of layoffs lately, particularly in the tech industry. What’s going on? CGTN’s Hendrik Sybrandy explains. Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.