Weekly jobless claims fell below 800,000 for the first time since the pandemic hit the U.S. in March 2020. On Thursday, the Labor Department reported that new filings for weekly jobless claims totaled 787,000, for the week ended Oct. 17.
Economists also see it as evidence that the job market is slowly recovering despite the ongoing pandemic. In addition, many companies have opened their doors for those who want to get into the job market.
Social networking site LinkedIn - which is popular among career professionals - has just updated the list of companies, which are currently on a hiring spree.
Retail giant Target (TGT) - Get Report made it to the top of the list, which is planning to hire about 130,000 seasonal team members this year. Not only is the company opening its door for job seekers, it also has given bonuses to its employees, at least four times so far this year.
“Target’s success this year is a direct result of our team members turning our purpose into action and meeting our guests’ changing needs day after day," said Target's chief HR officer Melissa Kremer.
It's worth noting that the company also increased its minimum wage to $15 in July.
Amazon (AMZN) - Get Report, another company that seems to be immune to the economic impact of the coronavirus, is also hiring despite the crisis. The company is currently hiring more than 100,000 people.
As more people are switching to online shopping, it has helped the company to amass more wealth. Amazon's net income in its second-quarter increased to $5.2 billion from $2.6 billion a year prior.
Watch the video above to know which other companies are hiring.
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