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US Metro Employment (Jul.)

Employment growth in July was near the average seen in 2023 thus far, at a seasonally-adjusted 0.5% 3m/3m across the 30 metros we cover. But the disappointing performance of information jobs continues to weigh on employment in western cities. Data from shows that although tech sector layoffs have dropped back from their Q1 highs, they remain elevated, meaning continued headwinds for those tech-led cities.

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