Current Hiring outlook is less confident compared to late April and early May
• Throughout late March there were sharp, across-the-board cuts in hiring.
• Starting in early April, overall hiring demand was showing a slow rebound,
but hiring demand across industries, states, and job families start diverging significantly.
• Overall, hiring demand is more tentative in the second half of May.
• Meanwhile, weekly initial unemployment claims have plateaued, while continuing
unemployment claims have continued climbing and have the potential to quickly surpass 30 million..
Sources: Greenwich.HR / One Model