Pace of US layoffs slows down

Pace of US layoffs slows down

As the unemployment claims rose by 1.5 million in the second week of June, the pandemic continues to shatter the economy as the rate of layoffs and furloughs has been historically high. The data for the month of May is now under examination, as the numbers were not adjusted properly, and the data is not as reliable due to the nature of the pandemic. Seasonally adjusting the data is not as easy as it may seem. The ray of hope is that data has revealed that the pace of layoffs has slowed down significantly which is a good sign. Read the whole report here

You might also like

For several reasons, the IT sector is appealing to job seekers. ...Read more

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Articles

Whatever your work setting may be, it’s important to stay productive while you don’t burn out. Here ...Read more

Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...Read more

Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...Read more

First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...Read more