States reported that 212,000 workers filed for new unemployment benefits during the week ending Feb. 10, a decrease of 8,000 from the previous week’s revised level.
While layoff announcements have ticked up since January, the labor market overall is characterized by historically low layoffs and low unemployment. The unemployment rate, currently 3.7 percent, has remained under 4 percent over the past two years.
About 1.86 million workers continue to claim unemployment benefits.
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.