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4 million Americans quit their jobs in April — a 20-year record.

[Business Insider, Getty Images] The retail sector is in the middle of a massive labor shortage. About 4 million workers in the US quit in April, a 20-year record, the Labor Department said.There were 9.3 million job vacancies at the end of April, another 20-year record.Job vacancies rose the most in the accommodation and food-service […]

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Teen employment could hit record highs in 2021

[Business Insider, Getty Images] US business owners flock to hire young workers in a tight labor market 2021 could be a record year for teen employment in the US.Small business owners say they are leaning on younger workers as the labor shortage intensifies.As a result, teen employment rates are soaring. Teen employment rates in the US […]

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U.S. labor market losing steam as COVID-19 rages

[Reuters] WASHINGTON (Reuters) – The number of Americans filing first-time claims for jobless benefits rose last week, likely as new business restrictions to control spiraling COVID-19 infections unleashed a fresh wave of layoffs, which could further slow the labor market recovery. The weekly unemployment claims report from the Labor Department on Thursday, the most timely data […]

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