As Employers Become Desperate for Employees, Unemployment Grows

The most recent weekly unemployment claims increased last week despite the growing desperation by employers for new employees. Approximately 419,000 new individuals filed for unemployment insurance for the week ending on July 17, which sits at almost 100,000 claims higher than the week’s estimate. In the meantime, employers, especially in the service and retail industries, are becoming increasingly desperate for employees as they hope to re-open and increase business.