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How to read the economy by looking at TikTok

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(FILES) In this file photograph taken on January 21, 2021, a teenager poses presenting a smartphone with the logo of social network TikTok in Nantes, western France. - A Moscow court on April 6, 2021, has fined TikTok more than USD30,000 for failing to delete posts calling for minors to join unsanctioned protests in support of jailed Kremlin critic Alexei Navalny. The court said on its Telegram channel that the video-sharing platform had been found guilty of failing to remove information that violates Russian law and sentenced to an administrative fine of 2.6 million rubles (USD34,000, 28,000 euros). (Photo by LOIC VENANCE / AFP)

TikTok's famous “quiet quitting” and live-tweeted resignations shed some light on what was going on in the US job market.

PHOTO: AFP

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The unemployment rate in the United States has hovered at 3.7 per cent for months.

But it is the TikTok-famous “quiet quitting” and live-tweeted resignations that really explained what was going on in the country’s job market.

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