Friday, July 30


Economy, Employers, Employment, Job Openings, Jobs, Layoffs, Pandemic, Retail, united states

The number of Americans laid off from their jobs hit a record low in May, as companies cling onto their workers during the crippling labor shortage

The number of people being laid off in the US hit a record low in May, jobs data revealed. It suggests companies are keeping hold of their staff amid the huge labor shortage. Many companies are struggling to find staff, and have been raising wages as a result. See more stories on Insider's business page. The number of layoffs in the US hit a record low in May, jobs data from the Bureau of Labor Statistics (BLS) showed.It's a sign that companies are clinging onto their workers during a severe labor shortage.The layoffs and discharge rate dropped to 0.9% in May, according to the BLS report released Wednesday, a record low dating back...