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Job Market News
[MoneyWise] Dropping your kid off at college has long been a milestone for parents just as much as their teens. But is getting a degree going the way of bell bottoms, cable television and calling someone on the phone? With a strong economy and an excess of jobs with few […]
[CNBC] KEY POINTS Job openings in August totaled 10.05 million, a 10% drop from the 11.17 million reported in July and more than a million less than expected. The Job Openings and Labor Turnover numbers are watched closely by the Federal Reserve, which is trying to reverse runaway inflation that […]
[Business Insider, Getty Images] Over 30,000 tech workers have lost their job as of July. Insider spoke to employees from Tesla to Coinbase to hear their stories. These are their stories of the personal and economic toll of layoffs in the industry. According to the latest data from the US […]
[CNN] The job market in America is still healthy. The unemployment rate is just 3.6% and many employers are continuing to hire workers at a steady clip. But some major companies appear to be getting a little nervous. Apple (AAPL) is said to be slowing its pace of new job additions. Microsoft (MSFT), Facebook parent Meta and Google owner Alphabet (GOOGL) are reportedly […]
[Yahoo! Finance] The U.S. job market is poised for a rapid slowdown as economic growth cools, Goldman Sachs warned in a new report. “We continue to expect that the slowing economy will lead job growth to fall sharply to 150k/month in 2022H2 and to 60k/month in 2023, causing the unemployment […]
[Yahoo! Finance, Kotaku] The GameStop in the Gateway Mall in Lincoln, Nebraska is one of the busiest around, at least according to the person who used to run it. But over the weekend it was closed after four employees decided to walk out and never return over what he says are bad […]
[Fortune] Fighting a strong trend toward hybrid work, Goldman Sachs CEO David Solomon has repeatedly insisted that employees return to the office full-time, leaving no doubt that he views remote work as a temporary aberration. But on the day the investment banking giant reopened its U.S. offices in February, after shutting down during the […]
[Reuters] Private payrolls increase 475,000 in February January data revised higher to show gain instead of loss U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that […]
[CNN Business] Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years. Worse, inflation is showing no signs of slowing.The Federal Reserve typically fights inflation by raising interest rates, which slows the economy by reducing the demand for goods and services. Ideally, the rate […]
[GO Banking Rates, Shutterstock] Amid the Great Resignation and an ongoing pandemic that is contributing to the dramatic surge of inflation, the American work life is changing. People are working as hard as ever, but many (particularly millennials and Gen Z) are placing greater importance on flexibility and the option to […]