Each year, the government revises those estimates to deliver them in line with more definitive data collected by states by way of their unemployment insurance coverage techniques. United Parcel Service joined a slew of tech firms in announcing that it will be decreasing its headcount this 12 months. The company mentioned on Tuesday that it would minimize 12,000 jobs in an effort to slash prices as wages rise and its package volumes fall. In the approaching months, economists had anticipated the labor market to turn into extra like its prepandemic self, without the enormous job development that followed the pandemic …