Initial jobless claims up slightly, but layoffs remain near a 50-year low

US initial jobless claims rose slightly in the week ended Jan. 18, according to seasonally adjusted data released today by the US Department of Labor.

Total initial jobless claims for the week rose to 211,000, up 6,000 from the previous week’s level, which was revised up by 1,000.

The four-week moving average of jobless claims — which smooths results — fell by 3,250 to a total of 224,000 from the previous week’s average, which was revised up by 250.

Layoffs remain near a 50-year low, MarketWatch reported. The US economy is growing more slowly, but it hasn’t stopped consumers from spending. As a result, companies face little pressure to slash payrolls with sales still growing and skilled labor in such short supply.

KEYWORDS: Staffing analytics,Revenue analytics,Predictive staffing,Predictive Recruiting,Business Intelligence for Staffing,Business Intelligence for Recruiters,Business Intelligence Dashboard,Revenue Intelligence Dashboard,Analytics for staffing industry,Data analytics for staffing industry,Big data for staffing industry,Dashboard BI,BI Tool for staffing,BI Reporting Tool,Data Analytics Reporting Tool,BI Dashboard,Metrics and KPI,Data Analytics,Big Data,Why is Data Analytics important,Big data software for staffing industry,Alternative to Microsoft Power BI,Sales Analytics,Performance analytics,Visual report generator
Inside sales management,Effectiveness and efficiency,Effectiveness vs efficiency,Sales Dashboard,Forecasting tool,Win rate calculator,Hire rate calculator,Grow company,Staffing Metrics,Hiring Metrics