All articles tagged with #job prospects
Nearly a quarter of Americans are 'functionally unemployed,' including those not counted in official unemployment figures but struggling financially or underemployed, indicating underlying issues in the labor market despite low official unemployment rates.
US consumer confidence in December reached its highest level since July, with the Consumer Confidence Index rising to 110.7. Recession fears also decreased, with the perceived likelihood of a US recession in the next 12 months falling to its lowest level of the year. The boost in confidence was driven by more positive ratings of current business conditions, job availability, and income prospects. The Expectations Index, which signals a recession when below 80, rose to 85.6. The Present Situations Index also increased, reaching its highest level since March.
China is facing a labor challenge as job prospects remain bleak in the aftermath of the COVID-19 pandemic. The country's economy is struggling to recover, with the property market and construction industry in decline, leading to a spike in joblessness, particularly among young people. The unemployment rate for 16- to 24-year-olds hit a record 21 percent last month. The weak economic conditions have caused widespread concerns about getting a job and earning an income, posing a challenge for the Chinese Communist Party and its leader, Xi Jinping, who have promised a better economic future and "common prosperity."
The Supreme Court's ruling on affirmative action could have negative consequences for candidates of color, as seen in California's experience after ending affirmative action in college admissions. The decision may impact job prospects for individuals from underrepresented communities.
A survey by HR platform Checkr has found that 82% of millennial workers are concerned that artificial intelligence (AI) will result in lower pay for the same position. The survey, which included results from 3,000 US employees across four generations, also found that 77% of millennials surveyed said they're willing to spend their own money building up their AI know-how to avoid being replaced. The origins of job anxiety in the AI revolution have already become inescapably clear, as AI is already threatening jobs in media, marketing, and restaurants.