Worried About Layoffs? 5 Tips For Job Seekers (And Job Seekers-To-Be) In A Slowing Economy
Friday, July 22, 2022
More workers are finding themselves out of a job (or becoming worried they might soon be) as a string of high-profile companies, mostly startups and in tech, have moved to freeze hiring or even to slash workers and rescind job offers.
New unemployment claims edged up to an eight-month high last week. Initial unemployment claims increased by 7,000 to 251,000 in the week ending July 16, making the four-week moving average rise by 4,500 to 240,500, according to the Department of Labor. Those numbers are still a marked improvement from last July, when the four-week average of unemployment claims hit more than 405,000. And the actual unemployment rate in June (the last month reported) is still a rock bottom 3.6%.