A hiring sign is seen as a person shops for souvenirs along the boardwalk, Thursday, June 2, 2022, in Ocean City, N.J. Its a hot job market right now, and that extends to the youngest workers. The unemployment rate for teenagers ages 16-19 was just over 10% in April. Given the strife and isolation of the past couple of years, its teens who may have the most to gain by going to work this summer. –
The total number of Americans collecting jobless benefits for the week ending June 18 was 1,328,000, down 3,000 from the previous week. That figure has hovered near 50-year lows for months. Jobless claims applications the past few weeks, though still relatively low, have been the highest since the first weeks of 2022 as some highly visible companies have announced job cuts.
Online real estate broker Redfin, under pressure from a housing market that’s cooled due to higher interest rates, is laying off 8% of its workers. Another real estate company, Compass, is letting go of 450 employees.
they really said robust job market.