Each year, the government revises those estimates to deliver them in line with more definitive information collected by states through their unemployment insurance coverage systems. United Parcel Service joined a slew of tech firms in saying that it will be reducing its headcount this 12 months. The company stated on Tuesday that it might cut 12,000 jobs in an effort to slash prices as wages rise and its bundle volumes fall. In the approaching months, economists had anticipated the labor market to turn into more like its prepandemic self, without the giant job growth that adopted the pandemic lockdowns. The…