U.S. hiring volatility surges

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• Germany’s Lufthansa airline will cut 20% of its leadership positions and 1,000 administrative jobs in a restructuring plan
• Trading volumes on "top tier" spot exchanges fell by 36% in June, the lowest monthly volumes since the start of 2020
• U.S. hiring surged to a record high in May, but the improvement in the labor market is likely to be blunted by a resurgence in COVID-19 cases
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