U.S. Unemployment Claims Fall to Lowest Since May

2.2 M 

As per the U.S. job market, prime-age workers between 25 and 54 years of age are either working or seeking for job rose to 2.2 million this year to the highest level since 2002. Prime-age women were the highest on this record by 77.8% in June, this is up 73.5% in April 2020 and Men tend to be employed at a higher rate. 

9,000 

The U.S. Labor Department reported that the initial jobless claims 228,000 filed for the week ending July 15 decreased by 9,000 compared to the previous week, reaching a total of   237,000 claims. The largest increases in initial claims were in New York 8,043, Ohio 1,783, Pennsylvania 1,413, Iowa 1,368, Arizona 1,118, and decreased in Connecticut 3,538, New Jersey 3,290, Michigan 1,434, Minnesota 758, Rhode Island 751. 

25% 

A report from global consultancy firm Bain & Co reveals that by 2031, workers aged 55 and older will make up 25% of the workforces in G7 countries like U.S., France, U.K, Canada, Italy, Germany, Japan, a nearly 10% jump from 2011. The report also found that, by the next decade around 150 million jobs will shift to older workers, this number is almost equal to the entire US working population. 

70% 

A recent Pew Research Center stated that 70% of the US population opposes AI when it is used to make a hiring decision. survey polled around 11,000 adults and found that 79% feel that racial and ethnic bias in hiring was a problem, 53% feel that AI would improve the situation, 13% say it would make it worse and 32% feel it would stay the same. 

4.5% 

The Annual Disability Equality Index (DEI) survey found that 4.5% of workers self-identify as disabled, up by 0.5% from 2022. But this number is most likely to be high since many people are heisted to disclose their disability status to their employer, this is because approximately one in four Americans are disabled.