Initial filings for unemployment benefits totaled 235,000 for the week ended July 2, a gain of 4,000 from the previous period.
Another report indicated that companies announced 32,517 layoffs in June, a 57% jump from a month ago and the highest total since February 2021.
The N.Y. Times reported yesterday that there are still 1.9 job openings for every unemployed person. So the people who were laid off should be able to find other jobs.
Of course…the details…etc…
and that may change.