States reported that 229,000 workers filed for new unemployment benefits during the week ending June 1, an increase of 8,000 from the previous week’s revised level.
Layoffs in April fell by 86,000 to 1.5 million, which is consistent with the low levels of weekly unemployment claims data, according to the monthly JOLTS report released Wednesday by the U.S. Bureau of Labor Statistics. Job openings fell by nearly 300,000 in April to 8 million, continuing a downward trend, while the number of people quitting—a measure of worker confidence in the ability to leave one job for another—rose slightly to 3.5 million.
Tomorrow, the Department of Labor will report on how many jobs the U.S. economy added in May, the unemployment rate and wage gains for the month.
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 Analyics and Strategic HR.
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