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2:00PM Water Cooler 4/28/2021 | naked capitalism

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WRAPUP 2-U S weekly jobless claims rise; layoffs drop in March

WRAPUP 2-U S weekly jobless claims rise; layoffs drop in March
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Are Companies Prepared For The Vaccine-Induced Wave Of Time-Off Requests?

from Challenger Gray and Christmas According to the Centers for Disease Control and Prevention (CDC), roughly 15% of the United States population has been inoculated against COVID-19 thus far, with 3.5 million vaccinations being distributed daily. While the CDC still cautions against unnecessary travel and rising numbers of new infections necessitate the need to continue taking precautions, workers nationwide are starting to plan for long-awaited reunions with family and friends across the country in the coming weeks and months. These joyful trips may leave some employers in the lurch, according to one workplace authority. “This year, employers should prepare for their teams to use their time off and actually disconnect from the office as they reconnect with loved ones they haven’t seen in a year or more, said Andrew Challenger, Senior Vice President and workplace and economic expert of global outplacement and business and executive coaching firm Challenger, Gray & Christmas,

U S weekly jobless claims unexpectedly rise

By Reuters Staff 3 Min Read WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though the labor market recovery is gaining traction as economic activity picks up, driven by increased vaccinations and massive fiscal stimulus. Slideshow ( 2 images ) Initial claims for state unemployment benefits totaled a seasonally adjusted 719,000 for the week ended March 27, the Labor Department said on Thursday. That compared to 658,000 claims in the prior week, which were the fewest since the middle of March 2020 when mandatory closures of non-essential businesses such as restaurants, bars and gyms were being enforced across many states to slow the first wave of COVID-19 infections.

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