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The Department of Labor’s latest unemployment insurance report, released on August 8, 2024, offers a nuanced view of the labor market that we need to unpack. Let’s dive into the weekly jobless claims data and what it means for talent acquisition and hiring strategies.
The Headline Numbers 233,000 new unemployment claims for the week ending August 3 A decrease of 17,000 from the previous week’s revised level The 4-week moving average increased to 240,750 Beyond the Surface