Jobless Claims Edge Up Amid Tight Labor Market
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States reported that 229,000 workers filed for new unemployment benefits during the week ending June 4, an increase of 27,000 from the previous week's revised level. The number of workers continuing to claim unemployment benefits—1.3 million—is still well below the pre-pandemic average of 1.7 million.
Jobless claims have remained near pre-pandemic levels for months as employers have generally avoided laying off workers in historically high demand. It is being reported that some layoffs are starting to occur in the tech sector.
The unemployment rate held at 3.6 percent in May, close to what is considered full employment. And while employers are offering higher wages to attract talent, many on the sidelines are unmoved: the gap between job openings and available workers remained at 5.5 million in April, or about two jobs for every unemployed worker.
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
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