It will not be good news as the economy continues to sputters along at an anemic rate. A more detailed look at March tells us that layoff’s continue across the board as employers took 1, 273 layoff actions involving 121,310 workers across all categories. The number of new unemployment claims in April rose to a 4 week moving average of 381,750, up 6,250 from the previous week.
It was also widely reported this week that half the people with bachelor’s degrees cannot find work. An analysis shows that over 53% are jobless or underemployed which does not give us any indication that the job market is improving. The labor force participation rate which is still below 64% is at its lowest rate in more than 10 years.
