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Many of the gains came in leisure and hospitality jobs.
Unemployment claims from laid-off federal workers looking for new jobs are up nearly 60% year-over-year.
“I came across a number of job postings in which companies were pretty blunt about what their expectations were for hires,” said Lindsay Ellis at the Wall Street Journal. “And that if you didn't like the culture, you probably shouldn't even apply.”
The June Employment Trends Index from The Conference Board reveals an economy where fewer companies are hiring, but not many are firing either.
Private sector employment fell last month, but wage growth is still on the rise. The unemployment rate is fairly low by historical standards.
The number of people who’ve been unemployed for two weeks or longer hasn’t been this high since late 2021.
Utah County has one of the youngest labor forces in the country — that’s a draw for some employers.
Among the resilient sectors: health care and AI.
Companies may be getting anxious, but layoffs are not the first thing they do in response.
Some owners who had planned to staff up are waiting to see how things shake out with tariffs and consumer spending.