Layoffs curb the progress of the labor market

Layoffs curb the progress of the labor market

Jun 02, 2020

162 Views

0 comments

After two months of being locked down, millions of Americans have filed for unemployment benefits as a wave of layoffs shook every single industry. First-time claims are on an all-time high, with a record 6.867 million, more than three times higher than the Great Recession. Overwhelmed state unemployment offices are experiencing backlog,s, as many states are now processing applications for gig workers. Read about the layoffs in detail here; https://www.reuters.com/article/us-usa-economy/u-s-labor-market-struggles-as-layoffs-spread-despite-businesses-reopening-idUSKBN22X0C0 

Previous days news

Comments

    Others news
    Article
    Millennials Care About These 8 Things at Their Workplace - Are Your Offering Those?

    Millennials are considered to be social people, who live by the ‘work hard play hard’ mantra and ar ...

    The Unionization Wave

    From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...

    What Why and How of Background Checks A Useful Guide for Staffing Agencies

    Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...

    Tips for Staffing Agencies to Create a Competitive Advantage

    Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...

    Show more news