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You are here News Economy U.S. layoffs ease in April; hiring slumps to record low

U.S. layoffs ease in April; hiring slumps to record low

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Unemployment down, hiring also downLayoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May.

The report from the Labor Department on Tuesday also showed a decline in job openings as the economy battles a recession triggered by the pandemic. The National Bureau of Economic Research, the arbiter of U.S. recessions, declared on Monday that the economy slipped into recession in February.

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