2023 Defies Predictions with Job Growth and Market Rebound Despite Major Bank Failures
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Many economists predicted a recession in 2023, but instead inflation was cut in half, over 2.5 million jobs were added, and stocks rebounded.
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Big tech companies like Amazon and Apple reclaimed top spots as market leaders, fueled by AI and beliefs in major technological shifts.
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There's a disconnect between the economy's actual strength and negative public perceptions of it.
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Major unexpected events happened, like several of the largest bank failures in history.
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Wage gains and increased leverage for service workers was a notable trend, with unrest over low wages.