Tag

Jobmarket

All articles tagged with #jobmarket

business1 year ago•6 min saved

Middle Managers Face Increasing Challenges in Today's Workplace

American companies are increasingly eliminating middle management positions in a trend known as 'corporate flattening,' which aims to streamline operations by reducing bureaucracy. This has led to a significant drop in job openings for middle managers, with a 42% decrease in postings compared to 2022. Many experienced managers, now facing a saturated job market, are struggling to find new roles, often being deemed overqualified for lower-level positions. The long-term impact of this trend on corporate efficiency and the job market remains uncertain.

via Business Insider|

#business #corporateflattening #jobmarket

economy2 years ago•3 min saved

"U.S. Job Market Surprises with Robust Growth and Revised Employment Figures"

The U.S. Bureau of Labor Statistics has revised its job growth figures, revealing an overstatement of 439,000 jobs through November 2023. This adjustment indicates that the job market may not be as robust as previously reported, with significant implications for market movements, Treasury yields, and Federal Reserve policy decisions. The revisions also highlight a larger role of government hiring in job creation and raise questions about the sustainability of this trend. Additionally, the labor force participation rate remains historically low, and many Americans are working multiple jobs to cope with the high cost of living and inflation.

via New York Post |

##economy #federalreserve

economy-and-labor2 years ago•2 min saved

"2024 Pay Raise Prospects Dim as U.S. Job Market Levels"

U.S. workers are expected to receive smaller raises in 2024, with companies planning an average salary increase of 4%, down from 4.4% in 2023. This trend is attributed to a cooler job market and is unlikely to reverse soon, according to labor experts. The demand for labor, which surged post-pandemic, has now moderated, leading to less aggressive wage growth compared to the "great resignation" period. Despite the decrease, the projected raises are still higher than the post-2008 financial crisis average of 3%. Companies are balancing the need to be competitive with the risk of overextending budgets, which could lead to layoffs.

via CNBC|

##economicforecast #economy-and-labor

economy-and-labor2 years ago•5 min saved

"AI Impact: Boosting Productivity or Rendering High-Skilled Jobs Obsolete?"

Nobel laureate economist Christopher Pissarides has warned that advancements in artificial intelligence could render many high-skilled STEM jobs obsolete, potentially disrupting labor markets and changing the demand for certain skill sets. While some experts believe AI will eliminate jobs that involve repetitive tasks and those with clear 'right' answers, others emphasize the importance of STEM education for adapting to future technological changes. Pissarides remains optimistic about AI's impact, suggesting that long-term opportunities will arise in fields that require communication and personal care, and that the overall effect on the job market will be positive.

via Fox News|

##artificialintelligence #economicimpact

business-and-economy2 years ago•2 min saved

"2024's Top Earning Jobs: In-Demand Careers with Double-Digit Pay Growth"

Payscale's End-of-Year Report highlights ten jobs with significant wage growth in 2023, which are expected to remain in high demand in 2024. These include customer service assistant manager, hairdresser, master plumber, and others, with wage increases ranging from 18% to 24%. The report emphasizes a shift towards trade and self-employment positions, with a growing trend of employees seeking jobs that fit their lifestyle. Despite economic uncertainties, the job market continues to be employee-driven, with self-employment on the rise since the pandemic. U.S. employers are planning for a 3.8% average base salary increase in 2024, while the unemployment rate remains around 3.7%, with 8.79 million job openings reported in November.

via Fox Business|

##business-and-economy #employmenttrends

economy2 years ago•0 min saved

"US Job Openings Dip to Two-Year Low, Impacting Gold Prices and Job Market Dynamics"

The U.S. job market saw a significant decrease in open positions by the end of 2023, with job postings on Indeed dropping over 15% from the previous year. This change reflects businesses filling more positions and opting not to hire for others, even as the Federal Reserve aims to achieve a soft landing for the economy, balancing low inflation with a strong job market. The decline in job openings has stabilized somewhat in the latter half of the year.

via The Wall Street Journal|

##economiclanding #economy

business-and-work2 years ago•3 min saved

"Recruiters Contact Redditor Who Just Left Their Job"

A Reddit user, slobberypuppykisses (SPK), shared their experience of being approached by a recruiter for a high-paying position at their former toxic workplace, which they had left four years prior. Despite the significant salary increase, SPK declined the offer, citing the negative past experience and the company's requirement for in-office work. The Reddit community shared mixed reactions, with some suggesting SPK should negotiate or leverage the offer for better opportunities, while others supported the decision to avoid the toxic environment, regardless of the pay.

via BuzzFeed|

##business-and-work #careerchoices

economy2 years ago•0 min saved

"Top In-Demand US Jobs with Significant Salary Increases in 2023"

A recent survey by Payscale.com highlighted significant wage increases for in-demand jobs in the past year, with customer service assistant managers leading the pack at a 24% pay bump. Other professions such as hairdressers, master plumbers, auto body repair, and job coaches also experienced around 20% wage growth. The data indicates a strong employee market, although job satisfaction and the desire to switch careers vary by profession.

via WJXT News4JAX |

##careerchange #economy

politicscurrent-events2 years ago•3 min saved

"Forecasting the Direction of the 2024 Job Market"

The news roundup covers a range of topics including predictions for the job market in 2024, political developments such as New Hampshire Gov. Chris Sununu urging Chris Christie to exit the presidential race, incidents of 'swatting' targeting Congress members, Israel's Supreme Court overturning a law to limit its power, and various national and international political events. It also touches on new state laws taking effect, the return of mental hospitals, immigration challenges, and updates on insulin affordability. Additionally, there are updates on Donald Trump's trial, the American public's economic outlook, Kevin McCarthy's departure from Congress, revelations from Jeffrey Epstein's court files, and military actions involving Russia and Ukraine.

via Political Wire|

##congress #election2024

economy2 years ago•0 min saved

"2024 Outlook: Healthy Hiring Trends and Labor Market Insights"

The job market is showing signs of cooling with slower hiring and smaller raises, leading some forecasters to predict a rise in unemployment in 2024. However, a moderate slowdown could be beneficial, allowing for a soft landing of the economy by supporting household incomes and contributing to a decrease in inflation, as long as the deceleration isn't too sharp.

via The Wall Street Journal|

##economy #federalreserve