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The number of layoffs in the US hit a record low in May, jobs data from the Bureau of Labor Statistics (BLS) showed.

It’s a sign that companies are clinging onto their workers during a severe labor shortage.

The layoffs and discharge rate dropped to 0.9% in May, according to the BLS report released Wednesday, a record low dating back to 2001. This means that for every 1,000 workers, nine were laid off. 

In the accommodation and food services sector, where the labor shortage has hit hardest, the rate fell from 1.5% in April to details ⇒

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