It's another sign of the American worker's newfound leverage, ushered in by businesses' desperation for workers to meet the demand of the economic snapback."Demand is high and employers might not be getting the number of hires that they want — so they're holding on to the workers they do have," says Indeed's Nick Bunker.The layoffs and discharge rate fell to 0.9% in May — a new record low dating back to 2001.
It's one of the best times to find a new job or ask for a raise in a while, "which feels like a weird thing to say during the middle of an ongoing pandemic," says Glassdoor's senior economist Daniel Zhao.Our goal is to create a safe and engaging place for users to connect over interests and passions.
Last month, an Indiana state court judge, citing possible “irreparable harm” to the unemployed, ruled Indiana must continue participation in the federal unemployment benefits program. Since a weaker than expected jobs report in April, there has been a steady drumbeat of calls to eliminate the current federal supplement of $300 a week, as well as other federal unemployment extensions, based on the presumption that these benefits dampen the unemployed’s desire to return to work.