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The class of 2023 is graduating into a challenging job market

Apr 5, 2023
The jobless rate for young workers has jumped since late 2021 and loan repayment is back on the table. Soon-to-be grads are scrambling.
New grads are entering a tougher hiring environment than last year's class. "There are jobs," says Wall Street Journal reporter Lindsay Ellis, but "it is a longer journey than many soon-to-be college grads would like."
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How low unemployment lifts workers at the bottom

Mar 29, 2023
In "Moving the Needle: What Tight Labor Markets Do for the Poor," authors Newman and Jacobs advocate letting tight labor markets stay that way.
"When unemployment goes below about 4.5%, folks who've been out of work find work and keep work," said author Elisabeth Jacobs.
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If it's the first Friday of the month, there must be a jobs report, right? Wrong.

Mar 3, 2023
A rule that makes the underlying data more consistent has delayed February's report by a week.
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How the (weak) ties that bind can aid your job prospects

Dec 26, 2022
A social science theory dives into the mechanics of who you know.
The theory of the "strength of weak ties" notes that acquaintances — more than close connections — can benefit your job hunt.
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Job gains for people with disabilities are outpacing those for other groups, thanks to telework

Dec 7, 2022
People with disabilities have long asked to work from home, says Nicole Maestas of Harvard. The pandemic proved it can be done.
Increased telework opportunities have allowed people with disabilities to make employment gains.
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Job churn is settling back to pre-pandemic levels

Dec 2, 2022
A lot of people have been quitting their jobs ever since the pandemic started, thanks in part to the tight labor market. But lately, there are signs that job churn could be returning to its pre-pandemic level.
Job churn has been up since the pandemic started, as many people quit or changed jobs.
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The job market's still tight, and wages are still rising

Dec 2, 2022
Wages were 5.1% higher this November than last, and the unemployment rate stayed steady at 3.7%.
Wages went up again – 5.1% over last year, according to Friday's jobs report.

Can the Fed keep inflation under control without sacrificing jobs?

Dec 2, 2022
The Federal Reserve is supposed to do both things. But Chair Jerome Powell said this week the Fed will keep raising interest rates to cool inflation, even if that pushes people out of work.
A moderator calls on members of the audience for questions for chair of the U.S. Federal Reserve Jerome Powell during an event at the Brookings Institution, November 30, 2022 in Washington, DC.
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U.S. employers keep hiring briskly even in face of rate hikes

Nov 4, 2022
The strongest gains were in health care and manufacturing. The 261,000 jobs added beat expectations.
A "Now Hiring" sign is displayed in front of a FedEx store on October 07, 2022 in Washington, DC.
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