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Job market

Bad news for the job market could be good news for inflation

by Elizabeth Trovall
Jun 13, 2024
Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
Higher unemployment can contribute to the cooling of inflation, but it comes at the expense of people's livelihoods.
Chandan Khanna/AFP via Getty Images
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Child care costs are a big part of why Americans feel inflation still stings

by David Brancaccio and Alex Schroeder
May 29, 2024
Prices have climbed persistently, yet the service is persistently scarce. That, in turn, hurts kids and undermines the labor force.
Women are working slightly less since 2019, and the extra time is devoted mostly to child care or elder care, said Diane Swonk, chief economist at KPMG.
Sean Gallup/Getty Images
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For some job seekers, AI-powered "resume spammers" are a good fit

by Kai Ryssdal and Sofia Terenzio
Mar 28, 2024
These bots send out job applications in high volume for a fee. Reporter Aki Ito at Business Insider tried a few and reported the results.
"When I first started hearing about these services, I thought it was crazy," says Aki Ito, reporter at Business Insider. But based on what she learned, she'd consider using one in the future, she says.
Rawpixel/Getty Images
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Recent immigrants have filled labor gaps, boosted job creation, experts say

by Sabri Ben-Achour
Mar 15, 2024
There has been a wave of migration to the U.S. — legal and not — since 2022. Many who entered are finding and keeping jobs.
In 2022 and 2023, 5.9 million people migrated to the U.S., according to the Congressional Budget Office.
Saul Loeb/AFP via Getty Images
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With more good news about the job market, why are we hearing about so many layoffs?

by Meghan McCarty Carino
Feb 15, 2024
Layoff announcements at big companies --like Cisco, this week--can seem at odds with low unemployment claim numbers and positive monthly job reports.
Amid more good news about a bustling job market, Cisco announced major layoffs this week.
Alexander Koerner / Getty Images
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How to better match veterans' talents with civilian opportunities

by Sabri Ben-Achour and Alex Schroeder
Nov 16, 2023
Many veterans lack college degrees, but the skills they acquire in military service can benefit employers, a McKinsey report shows.
A new report from McKinsey argues that hiring should focus more on skills and less on college degrees.
Justin Sullivan/Getty Images
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The job market might finally be returning to "normal," economists say

by Mitchell Hartman
Oct 5, 2023
Experts are predicting a slight decrease in wage growth, a drop that get us closer to pre-pandemic rates.
New September job market data comes out Friday, and economists expect we'll see a little less payroll growth than in August.
Andrew Caballero-Reynolds/AFP via Getty Images
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Unemployment claims are at their lowest number since January

by Elizabeth Trovall
Sep 21, 2023
The labor market is still pretty tight, even after the last year and a half of rate hikes loosened things a bit.
Even without big hiring expansions, there are still more jobs out there than workers available to fill them.
Olivier Douliery/AFP via Getty Images
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As another government shutdown looms, government jobs lose their luster

by Kimberly Adams
Sep 18, 2023
Workers have been paid after past shutdowns, albeit late. But there's no guarantee they will after any future shutdown.
Federal workers are subject to threats of government shutdown, which might lessen the appeal of a career in public service.
Chip Somodevilla/Getty Images
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Labor market weakens for young, less educated workers

by Mitchell Hartman
Sep 8, 2023
What that might mean for them and for the economy at large.
Young adults without diplomas are "canaries in the coal mine," said Bill Rodgers at the Federal Reserve Bank of St. Louis. "When the economy slows down, they tend to be the first ones to lose their jobs.”
John Moore/Getty Images
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