{"id":169204,"date":"2023-07-27T14:50:41","date_gmt":"2023-07-27T14:50:41","guid":{"rendered":"https:\/\/www.shrm.org\/resourcesandtools\/hr-topics\/talent-acquisition\/pages\/jobless-claims-july-27-unemployment.aspx"},"modified":"2023-07-27T14:50:41","modified_gmt":"2023-07-27T14:50:41","slug":"jobless-claims-continue-to-fall","status":"publish","type":"post","link":"https:\/\/squarehr.com\/index.php\/2023\/07\/27\/jobless-claims-continue-to-fall\/","title":{"rendered":"Jobless Claims Continue to Fall"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/squarehr.com\/wp-content\/uploads\/2023\/07\/jobless-claims-continue-to-fall.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"http:\/\/squarehr.com\/wp-content\/uploads\/2023\/07\/jobless-claims-continue-to-fall-1.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p class=\"shrm-Element-P\">\u200bStates reported that<br \/>\n221,000 workers filed for <a href=\"https:\/\/c.shrm.org\/n\/ODIzLVRXUy05ODQAAAGNElRWA5-DfqLt7fMgWKSE4744yvBZB2g9okqDrbZJewHAG-u_ted-EaanzpSFJuefUvY95To=\" target=\"_blank\" rel=\"noopener noreferrer\">new<br \/>\nunemployment benefits<\/a> during the week ending July 22, a decrease of<br \/>\n7,000 from last week\u2019s unrevised level. <\/p>\n<p>The<br \/>\nunemployment rate edged down to 3.6 percent in June, and although the labor<br \/>\nmarket remains strong, some industries have experienced layoffs, mostly due to<br \/>\noverhiring during the pandemic. <\/p>\n<p>Weekly unemployment claims are slightly elevated but not as high as some<br \/>\nthought they may be this year as the effects of interest rate hikes spread<br \/>\nthrough the economy. The Federal Reserve lifted interest rates to a 22-year high yesterday and estimate there will be at least one more rate hike this year. Fears of a recession are receding, especially after the Commerce Department&#8217;s announcement this morning that&nbsp;gross domestic product grew at a faster than expected rate during the second quarter.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u200bStates reported that 221,000 workers filed for new unemployment benefits during the week ending July 22, a decrease of 7,000 from last week\u2019s unrevised level. The unemployment rate edged down to 3.6 percent in June, and although the labor market remains strong, some industries have experienced layoffs, mostly due to overhiring during the pandemic. Weekly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":169205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[320,363],"tags":[],"class_list":["post-169204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-critical-evaluation","category-hr-news"],"_links":{"self":[{"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/posts\/169204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/comments?post=169204"}],"version-history":[{"count":0,"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/posts\/169204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/media\/169205"}],"wp:attachment":[{"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/media?parent=169204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/categories?post=169204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/squarehr.com\/index.php\/wp-json\/wp\/v2\/tags?post=169204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}