States reported that 238,000 workers filed for new unemployment benefits during the week ending June 15, an decrease of 5,000 from the previous week’s revised level.
Employers may be facing higher compensation costs for the workers they retain. According to the latest Employer Costs for Employee Compensation report, employers spent roughly 1.6% more on wages and benefits in March 2024 compared to December 2023. If employment costs are going up, employers may not be able to keep as many workers on staff.
Takeaway for employers: Looking for ways to turn data into action in your organization? Learn how at the SHRM Annual Conference & Expo 2024, taking place June 23-26 in Chicago and virtually. And check out the SHRM24 content tracks on HR Technology and Data Analytics and Strategic HR.
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.
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