States reported that 219,000 workers filed for new unemployment benefits during the week ending May 25, an increase of 3,000 from the previous week’s revised level.
The previous weeks also had seen increases in the number of claims, and this week’s numbers are higher than forecast. However, a lower number—about 1.8 million workers—continue to claim unemployment benefits. The weekly claims are consistent with an overall low level of job-cutting.
Takeaway for employers: Employers who are considering cost-cutting measures, such as layoffs, wage and benefit reductions, and furloughs, should consider the implications on immigration programs. Learn more at the SHRM Annual Conference & Expo 2024, taking place June 23-26 in Chicago and virtually. And check out the SHRM24 content tracks on Employment Law & Regulations 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.
Related Content
HR must always include human intelligence and oversight of AI in decision-making in hiring and firing, a legal expert said at SHRM24. She added that HR can ensure compliance by meeting the strictest AI standards, which will be in Colorado’s upcoming AI law.
The proliferation of artificial intelligence in the workplace, and the ensuing expected increase in productivity and efficiency, could help usher in the four-day workweek, some experts predict.
Learn how Marsh McLennan successfully boosts staff well-being with digital tools, improving productivity and work satisfaction for more than 20,000 employees.