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Month: June 2023

Number of Americans filing for jobless claims is elevated for second straight week

Number of Americans filing for jobless claims is elevated for second straight week

By MATT OTT (AP Business Writer)

The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s interest rate hikes over the past year may taking hold in what’s proved to be a resilient job market.

U.S. applications for jobless claims were 262,000 for the week ending June 10, the Labor Department reported Thursday, more than analysts were expecting. This week’s number mirrors last week’s, which was revised up by 1,000. The claims numbers for the past two weeks are the highest since October of 2021.

The four-week moving average of claims, which flattens some of the week-to-week fluctuations, rose by by more than 9,000 to 246,750. That’s the highest level since November of 2021.

U.S. employers have added jobs at a furious rate since more than 20 million jobs disappeared during the pandemic purge in the spring of 2020. Americans have enjoyed unusual job security, despite the Federal Reserve’s aggressive campaign to cool the economy and labor market in its bid to stifle persistently elevated inflation not seen since the early 1980s. read more

People on the move

People on the move

Hospitality

Curtis Cattanach was hired as vice president of marketing at Orlando-based Tijuana Flats.

Jamie Cecil was hired as vice president of development and franchise operations at Orlando-based Tijuana Flats.

Wes Patrick was hired as vice president of ops excellence and off-premise performance at Orlando-based Tijuana Flats.

Law

Stephanie L. Cook, partner, ShuffieldLowman, Orlando, was appointed to the Florida Probate Rules Committee, a standing committee of The Florida Bar.

Alexander S. Douglas II, partner, ShuffieldLowman, Orlando, was appointed to the Florida Probate Rules Committee, a standing committee of The Florida Bar.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.

AI could prevent hiring bias — unless it makes it worse

AI could prevent hiring bias — unless it makes it worse

At first glance, artificial intelligence and job hiring seem like a match made in employment equity heaven.

There’s a compelling argument for AI’s ability to alleviate hiring discrimination: Algorithms can focus on skills and exclude identifiers that might trigger unconscious bias, such as name, gender, age and education. AI proponents say this type of blind evaluation would promote workplace diversity.

AI companies certainly make this case.

HireVue, the automated interviewing platform, boasts “fair and transparent hiring” in its offerings of automated text recruiting and AI analysis of video interviews. The company says humans are inconsistent in assessing candidates, but “machines, however, are consistent by design,” which, it says, means everyone is treated equally.

Paradox offers automated chat-driven applications as well as scheduling and tracking for applicants. The company pledges to only use technology that is “designed to exclude bias and limit scalability of existing biases in talent acquisition processes.” read more