by Market Cheetah | Apr 8, 2021 | Critical Evaluation, Human Resources, Labor Market Data
States reported that 744,000 U.S. workers filed for new unemployment benefits during the week ending Apr. 3, an increase of 16,000 from the previous week. The total number of workers continuing to claim unemployment benefits fell to 3.7 million.
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by Market Cheetah | Apr 2, 2021 | Behavioral Competencies, Critical Evaluation, HR Expertise, Human Resources, Labor Market Data, Talent Acquisition
U.S. hiring activity exploded in March, as employers added 916,000 new jobs, mostly in leisure and hospitality, according to the latest employment report from the Bureau of Labor Statistics. Economists expected the spike, as the economy reopened more broadly, and the rate of vaccinations increased. The unemployment rate ticked down to 6 percent from 6.2 percent in February and is expected to continue falling in the coming months as more service-sector jobs return.
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by Market Cheetah | Apr 1, 2021 | Behavioral Competencies, Critical Evaluation, HR Expertise, Human Resources, Labor Market Data, Talent Acquisition
States reported that 719,000 U.S. workers filed for new unemployment benefits during the week ending Mar. 27, an increase of 61,000 after last week’s pandemic-era low. The total number of workers continuing to claim unemployment benefits fell slightly to 3.8 million. The recent overall improvement in claims data is consistent with accelerating labor market momentum as the economy reopens. Still, a complete recovery to pre-pandemic levels when new jobless claims averaged about 200,000 per week is still many months away, according to economists.
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by Market Cheetah | Mar 25, 2021 | Critical Evaluation, Human Resources, Labor Market Data
States reported that 684,000 U.S. workers filed for new unemployment benefits during the week ending Mar. 20, a decrease of 97,000 after last week’s unexpected jump. Initial jobless claims have held below 800,000 for five straight weeks, but remain extraordinarily high as improvement had stalled in recent weeks. The total number of workers continuing to claim unemployment benefits dropped to 3.8 million. Economists expect the economic outlook to continue to improve as the vaccine rollout and improving weather allow hiring activity to pick up this spring and summer.
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by Market Cheetah | Mar 11, 2021 | Critical Evaluation, Human Resources, Labor Market Data
States reported that 712,000 U.S. workers filed for new unemployment benefits during the week ending Mar. 6, a decrease of 42,000 from the previous week’s revised level. The total number of workers continuing to claim unemployment benefits also continues to fall, dropping by 193,000 to 4.1 million. Economists expect the economic outlook to improve further as the vaccine rollout and improving COVID-19 case counts allow hiring activity to pick up this spring and summer.
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by Market Cheetah | Mar 5, 2021 | Critical Evaluation, Human Resources, Labor Market Data, Talent Acquisition Metrics and Analytics
U.S. hiring activity improved in February, as employers added 379,000 new jobs, mostly in leisure and hospitality, according to the latest employment report from the Bureau of Labor Statistics. The unemployment rate ticked down to 6.2 percent but will likely begin to fall in the coming months as vaccinations increase, the weather improves and service-sector jobs return.
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