Layoffs abate as US hiring races to record high in May

Layoffs abate as US hiring races to record high in May

The month of May registered a record high in US hiring and layoffs also declined as business started reopening in many parts of the country. However, an improvement in the labor market has been halted as cases of the novel coronavirus register a sharp decline in many states. The month of April also registered a jump in hiring rate from 3.1 percent to 4.9 percent.

Tom A
Tom A
Fin
Fin 0 months

Right. Cause many of us got recalled off furloughed leaves

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