Tag Archives: labor market

Hundreds of thousands of young Americans have yet to find a job | Forum

Despite dramatic job growth over the past 22 months, the U.S. labor force participation rate is still 1.1 percentage points – or about 1.8 million people – lower than it was on the eve of the pandemic in February 2020. The labor force participation rate is the number of Americans …

Read More »

There are over 11 million open jobs in America right now

The job market is under sustained pressure where there are tons of job vacancies, new hires and people leaving at the same time – which turns out to be great for job seekers and difficult for recruiting managers. In January, there were 11.3 million job vacancies, 6.5 million hires and …

Read More »

Home Depot, Southwest Behavioral, Sky Harbor are hiring

The unemployment rate in the Phoenix area ended 2021 at 2.4%, and the tight labor market has shown signs of slowing so far this year. Many companies continue to announce workforce expansion plans. Here are some of the biggest job fairs and hiring efforts in the Phoenix metro area: Home …

Read More »

Economy creates 678,000 solid jobs in February, unemployment drops to 3.8%

The United States added 678,000 jobs and the unemployment rate fell to 3.8% in February, according to data released Friday by the Labor Department. Unprecedented demand for workers and resilient consumer spending helped fuel another month of strong job growth in February. Economists had expected the United States to add …

Read More »

Do we know what we are doing with the employment problem?

Many of us may have spoken too soon when we announced a “post-Covid world” and a “new normal”. We are back to the old truisms, myths and fallacies, and as such we are not likely to register any improvements. In an article I have wrote following the 2020 budget, I …

Read More »

Was the January jobs report really that good?

It looks like the US economy ultimately didn’t dodge the Omicron bullet. The Labor Department’s jobs report, released Friday, showed the US economy added 467,000 jobs in January and the unemployment rate rose only marginally to 4.0%. Several outlets hailed these numbers as a pleasant and unexpected surprise after many …

Read More »

January jobs report shows 467,000 jobs added last month

Despite a forecast of bad news in the January jobs report, the report, released today, delivered a lot of good news. Employers added 467,000 jobs last month, when many people thought omicron would bring the number down. Also, it turns out that we added about 700,000 more jobs in November …

Read More »

US adds 467,000 jobs in January despite Omicron chaos

US employers unexpectedly added 467,000 jobs in January, far more than expected, even as businesses and workers weathered chaotic conditions due to the Omicron variant. The US unemployment rate was 4.0%, up slightly from December. The stronger-than-expected January numbers followed a dismal report last month, when U.S. employers added just …

Read More »

The best jobs in the US look to technology: senior economist at Glassdoor

Glassdoor Senior Economist Daniel Zhao joins Yahoo Finance Live to discuss demand for STEM workers, which values ​​employee priorities such as flexibility, workforce shifts to technology and report revisions on January jobs. Video transcript AKIKO FUJITA: Job site Glassdoor has released its annual list of the best jobs in America. …

Read More »

US economy ignores omicron and creates 467,000 jobs in January

WASHINGTON (AP) — In a surprising burst of hiring, U.S. employers added a robust 467,000 jobs last month, a sign of the economy’s resilience in the face of a wave of omicron infections. The government report on Friday also revised up its estimate of job gains for November and December …

Read More »

Letter: Job Creation Requires Skills and Training, Not Penalties

Sarah O’Connor is right that forcing the unemployed into work is not a sustainable or reasonable way to solve severe labor shortages (“The UK social plan shows how not to deal with labor shortages d’oeuvre”, Opinion, February 1). The government is looking at this problem completely upside down. Instead of …

Read More »

Economists brace for mediocre jobs report

January’s record COVID-19 surge may have caused the first drop in employment since President BidenChief Joe BidenOath Keepers Speaks to Detention Center’s Jan. 6 Panel Biden Nominee Faces Fintech Job Scrutiny and Compensation Defense and National Security of the Day at next day – Pentagon deploys 3,000 troops to Europe …

Read More »

Top 5 Companies Hiring for Storage Cybersecurity Jobs

For data storage companiessecurity used to be an add-on, perhaps third-party software installed to protect data or a firewall at the perimeter of the data centerbut not anymore — it’s absolutely vital, as are the personnel who manage the security systems. Storage cybersecurity cannot be a second thought for businesses, …

Read More »

Highest number of Britons leaving jobs since 2009

Source: Deutsche Bank Britons are quitting their jobs at a rate not seen in decades, with the number at the highest in more than a decade. The information comes at a time when many companies are struggling to find the skills they need. According to Sanjay Raja, Chief UK Economist …

Read More »

How omicron affects the latest US employment data — Quartz

As covid-19 case start diving In the United States, economists discover for the first time the impact of the omicron variant on the recovery of the labor market. The number of Americans filing for unemployment in the week ended January 15 rose by 55,000 from the previous week to 286,000, …

Read More »

Employers add 199,000 dismal jobs in December, unemployment rate hits 3.9%

The latest hiring figures fell below expectations for December. 7 January 2022, 17:44 • 5 minutes to read Share on FacebookShare on twitterEmail this article Employers added 199,000 lackluster jobs last month – less than half of economists’ expectations – and the unemployment rate fell to 3.9%, the Labor Department …

Read More »

Wages continue to grow strongly for American workers

The hiring boom was first manifested in low-paying hospitality jobs, but now recruiters see a boiling job market everywhere.MediaNews Group / Reading Eagle / Getty Images Salaries have increased 4.7% over the past year, according to the Bureau of Labor Statistics. Leisure and hospitality workers have seen their wages increase …

Read More »

Payroll expected to accelerate as unemployment rate drops to 4.1%

The U.S. economy likely ended 2021 with a month of solid job growth, as hiring picked up before the latest wave of Omicron-related infections had a significant impact on the job market. The Labor Department is expected to release its December employment report on Friday at 8:30 a.m. ET. Here …

Read More »

Omicron has yet to halt the jobs recovery

Originally posted: 06 JAN 22 08:45 ET By Anneken Tappe, CNN Business (CNN) – America ended 2021 with strong job gains, economists predict. But just days into the new year, the Omicron variant is causing a spike in infections and hardship for businesses. Will this derail the job recovery? It’s …

Read More »

4.5 million Americans quit their jobs in November

More than 4.5 million Americans left their jobs in November, the highest number since the “big resignation” began during the pandemic, according to Labor Department data released Tuesday. This means that 370,000 more people left their jobs in November than in October. Meanwhile, vacancies in November stood at 10.6 million, …

Read More »

US struggles to measure job growth as pandemic skews labor market data

The U.S. government dramatically underestimated the number of jobs created this year as it struggled to analyze data distorted by the effects of the pandemic, creating new challenges for policymakers navigating a highly volatile economic environment. During the year 2021, the government agency that publishes monthly employment statistics in the …

Read More »

Joe Biden’s Claim America Adds Jobs to “Record Pace”

The economic policies of the Biden administration have come under scrutiny following the release of the latest employment data, which fell significantly below job growth expectations for November. President Joe Biden fired back at the critics. Requirement Biden claimed the United States is creating jobs at a “record rate,” with …

Read More »

Hiring stagnated in November, with companies adding only 210,000 jobs

Job growth stagnated in November, with employers creating a disappointing 210,000 jobs last month, the Labor Department said on Friday. This represents a sharp slowdown from October, when companies added more than double that number of new hires. Economists had predicted that employers hired about 535,000 workers last month. The …

Read More »

Five things to know about the November jobs report

The November jobs report gave a confused picture of an improving economy. Overall job growth has been well below expectations, with the United States creating just 210,000 of the roughly 500,000 jobs that analysts predicted the economy would gain last month. Despite this, the unemployment rate fell from 4.6% to …

Read More »

November 2021 Jobs Report: 210,000 Gain

The US economy slowed in November as hiring unexpectedly fell ahead of the holiday season, a sign that businesses are cautious about growth prospects. Employers created 210,000 jobs last month on a seasonally adjusted basis, the Labor Department reported on Friday, well below the expected half-million gain. While the data …

Read More »

Grim November jobs report showed massive slowdown in restaurant and hotel hires

A person walks past a sign advertising a job at a fast food restaurant on November 5, 2021 in New York City. Spencer Platt / Getty Images The November jobs report was by no means exceptional, with a payroll gain of just 210,000. The leisure and hospitality industry gained 23,000 …

Read More »

Top 10 Paid Remote IT Jobs in 2022

As the pandemic continues, so do job postings for remote work opportunities, especially in IT. In reality, tech jobs are among the most likely to be remote. Tech companies are not only beefing up their technology infrastructure to support remote computing work, they are paying top dollar for some of …

Read More »

Holidays Arrive Early in Ohio With Solid Jobs Report »Research» The Buckeye Institute

The Buckeye Institute: Vacation Comes Early In Ohio With Strong Jobs Report November 19, 2021 Columbus, Ohio – Rea S. Hederman Jr., executive director of the Buckeye Institute’s Center for Economic Research and vice president of policy, commented on the new employment data of the Ohio Department of Employment and …

Read More »

Employees leaving their jobs are at an all time high

According to a Bureau of Labor Statistics survey, Americans give up their jobs in record numbers. On Friday, the union organization revealed that 4.4 million people had left their employers in September, an increase of 3%. Although the workforce report includes all aspects of work and jobs in the country, …

Read More »

Americans set record for job quits in September

A record 4.4 million Americans left their jobs in September, the government reported on Friday, another indication of continuing instability in the U.S. workforce. The Bureau of Labor Statistics’ Job Openings and Turnover Survey (JOLTS) also found that the total number of job openings in September was relatively unchanged at …

Read More »

U.S. jobs and wages report shows strong economic recovery

Washington U.S. employers ramped up hiring last month, adding 531,000 solid jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown. Friday’s report from the Ministry of Labor also showed that the unemployment rate fell to 4.6% last month from …

Read More »

Jobs report shows big gains: live news and analysis

American workers earn bigger paychecks as employers pay to attract and retain employees. But these same people spend more on furniture, food, and many other goods and services these days. It’s not yet clear which side of this equation – higher wages or higher prices – will win, but the …

Read More »

October Jobs Report: America Goes Back to Work

But economists are optimistic that the string of bad news will end with the October jobs report, which is due on Friday morning. This could be good news for President Joe Biden after voters sent a strong message this week about their disappointment with the US economy. Analysts polled by …

Read More »

Large-company migrant plans to steal Australian jobs

Raising the number of migrant workers is not the answer to improving employment figures in Australia, writes Australian Workers’ Union national secretary Daniel Walton. You probably know someone who has seen their livelihoods shattered by Covid. Maybe it was you. In the past three months alone, 330,000 Australians have left …

Read More »

Australian jobs data overview and where to go for AUDUSD

Forecasts point to another significant drop in employment of around -120,000, due to lockdowns and mobility restrictions. The participation rate is expected to drop from 65.2% to 64.8% and moderate the rise in the unemployment rate from 4.5% to 4.8%. The risks for all measures are lower readings, if only …

Read More »

US workers leaving their jobs hit record in August

As the economy struggles to get back on track amid the pandemic, businesses are struggling to find employees – and workers are finding they have leverage. Nearly 4.3 million workers voluntarily left their jobs in August, according to the Ministry of Labor said Tuesday. This was an increase from the …

Read More »

The job market looks like my marathon prospects

On Monday, I have the privilege of running the Boston Marathon for the third time on behalf of the Dana Farber Cancer Institute. I love being a part of the team – despite many difficult personal stories, the volunteers, organizers and runners are a very warm and positive group to …

Read More »

5 key points from the September jobs report | Business

WASHINGTON – September was not exactly the strongest month for hiring many expected and hoped for. With the Delta variant still disrupting the economy and employers struggling to find enough workers, the gain for the month amounted to 194,000 jobs – not even half of what economists had forecast. In …

Read More »

How the September jobs report may scare the Fed

Julie Biel, Portfolio Manager at Kayne Anderson Rudnick, Yahoo Finance Live to discuss the labor force outlook, expectations for the September jobs report, and corporate taxes. Video transcript JARED BLIKRE: But now we’re going to bring in Julie Biel, portfolio manager at Kayne Anderson Rudnick. And we had figures this …

Read More »

August 2021 shock employment report: only 235,000 new jobs

Job creation for August was a huge disappointment, with the economy adding just 235,000 jobs, the Labor Department reported on Friday. Economists surveyed by Dow Jones were looking for 720,000 new hires. The unemployment rate fell from 5.4% to 5.2%, according to estimates. With August’s total – the worst since …

Read More »

3.7 million more people would have left their jobs without the pandemic

If the pandemic never struck, an additional 3.7 million people would have already left their jobs. That number comes from the dropout trends of 2019, which were wiped out by the pandemic. The withdrawals have reached record highs in recent months and show no signs of abating. Loading Something is …

Read More »

Blockbuster: Economy Adds 943,000 Jobs; unemployment drops to 5.4%

The United States created 943,000 jobs in July as a summer rush in travel and leisure spending fueled the economy thanks to an increase in coronavirus cases, the Labor Department reported on Friday. The unemployment rate fell to 5.4 percent in July from 5.9 percent last month, according to the …

Read More »