Buck Bully
Job Market News
[Business Insider, Getty Images] US business owners flock to hire young workers in a tight labor market 2021 could be a record year for teen employment in the US. Small business owners say they are leaning on younger workers as the labor shortage intensifies. As a result, teen employment rates […]
[Business Insider] The waning days of the pandemic have prompted plenty of work-related reflection. The result is a pent-up feeling that’s prompting some to walk off jobs in frustration. But is the advent of “rage quitting” really a positive thing for employees? Experts aren’t sure. Kendra wasn’t usually one to […]
[ABC NEWS] WASHINGTON (SBG) — As summer begins and states lift pandemic restrictions, the biggest challenge employers and local economies face is a lack of available workers, according to a new report by the U.S. Chamber of Commerce. “All the signs point to a really tight labor market,” U.S. Chamber […]
(CNN Business) The US Chamber of Commerce on Monday announced a nationwide initiative to address the worker shortage in the US, calling the crisis the most critical and widespread challenge facing businesses. The initiative, called “America Works,” aims to mobilize industry and government to “swiftly address America’s deepening worker shortage crisis.” JPMorgan […]
[New York Post] With New York City’s restaurant scene coming back after COVID-19, there’s something new on the menu — bigger bills. Diners had better bring their cash as well as their appetites, as city restaurant prices are going up thanks to rising costs in food, supplies and labor, restauranteurs said. “If […]
[CNBC, GETTY] While the U.S. labor force participation rate remains well below pre-pandemic levels, with April’s nonfarm payrolls growing by just 266,000 against forecasts of 1 million, workers’ wages have risen at their sharpest pace in years, and new unemployment filings continue to fall. McDonald’s, Chipotle, Bank of America and […]
[CNN] The Labor Department has exhausted its options for continuing to pay an extra $300 a week in federal unemployment benefits to jobless people in the 22 GOP-led states that are ending them early, an administration official told CNN Thursday. Roughly 3.6 million out-of-work Americans will forgo a total of $21.7 billion […]
[USA TODAY, AP] The nationwide worker shortage that held down U.S. job growth last month boils down to this: America’s workers are raking in lots of money but they have fewer places to spend it. Businesses that can’t find enough workers are pushing their existing staffers harder, converting part-time employees […]
[NPR, Getty Images] Hiring accelerated last month as U.S. employers added 916,000 workers to their payrolls. It was the largest job gain since August, fueled in part by an improving public health outlook and a new round of $1,400 relief payments. The unemployment rate dropped to 6%, from 6.2% in […]
[CNBC, GETTY] Employment statistics for women of color were not only more severe when the Covid-19 pandemic began, but are more sluggish in improving. For white workers, the unemployment rate fell to 5.6% in February. But for Black and Hispanic workers, reported jobless rates were 9.9% and 8.5%, respectively. But […]