HelpWanted.com

Layoffs slightly rise, but stay at pre pandemic levels

Layoffs slightly rise, but stay at pre pandemic levels

The number of workers who filed for jobless claims rose last week but stayed near a historic low, underscoring that employers are unwilling to lay off workers amid a tight labor market. The Labor Department said on Thursday that around 206,000 people filed for unemployment claims in the week ended December 11. That is an increase of 18,000 from the prior week but still the lowest weekly number since 1969.

The number of people receiving community unemployment claims rose to 1.8 million on December 4th while one year ago that number was at 5.6 million. Weekly jobless claims which are a proxy for layoffs have fallen steadily most of the year since peaking near 1 million in early January. Now they are below to a 220,000-a-week level that was typical before the coronavirus pandemic hit the economy in March 2020. In March and April last year, employers shed a whopping 22.4 million jobs. Since then, 18.5 million jobs have returned. 

Employers only added a disappointing 210,000 jobs last month but the unemployment rate has fallen from 4.6% to 4.2%. Businesses and other employers posted a near-record of 11 million jobs in October and 4.2 million people quit their jobs, just off the September record of 4.4 million- a sign that they are confident enough in their prospects to look for something better. 

Source: CBS News 
Tags In
Rural Unemployment

Previous days news

Dec 15 Dec 14 Dec 13 Dec 10 Dec 8

You might also like

Best tech jobs in the United States : BLS data

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

Salaries for Californian fast food employees might rise to $22 per hour

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

Workers leave as job dissatisfaction grows

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

Microsoft offers graduates from African nations job prospects in the US & Canada

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

Casper is hiring professional sleepers

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
Category
Tags
EPFO Axis Bank Jobs Vocal For Local Jet Airways Gramin Dak Sevaks SAIL Recruitment Professionals Communication Social Media Jobs Online Travel Company HCL Hiring BCCI Recruitment New Workers Beauty Industry Work From Home Deceased Employee IIM Gig Economy Remote Learning European Zoho Hiring Unemployment In Punjab UNICEF EV Unemployment Blue Collar Jobs Midday Meal Sustainable Employment BJP Tata Technologies Domestic Workers Digital Startups Teachers Jobs For Orphans Online Services Income Household Ford Medical Professionals State Bank Of India Delhi University Bosch Hiring Unorganised Workers In India Tata Motors Kerela Jobs PhonePe Jobs Rajouri DC Soft Skills Uber Recruitment Small Business
Articles

A Quick Look at The Great Resignation

The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...Read more

Top 5 Challenges of HR Professionals During COVID-19 Pandemic

When it comes to the talks of the unemployment rate due to COVID-19, experts compare it to the Grea ...Read more

Don’t Fall Prey to These Job Scams

When people are looking frantically for employment, scammers get a chance to exploit their weakness ...Read more

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 ...Read more