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Jobs

How AI true believers are preparing for an economic revolution

by Matt Levin
May 5, 2023
For some who think artificial intelligence will rapidly transform society, saving for or staying in college feel pointless. So do 401(k)s.
Office workers in the metaverse. Joshua Clymer of the Center for AI Safety thinks there’s a high chance that artificial intelligence will replace most jobs in the next 20 years.
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Wage gains after changing jobs were lower in April

by Samantha Fields
May 3, 2023
The moderation in pay growth is part of more balanced and stable economic conditions, some economists say.
"The fact that pay gains are decelerating means that demand and supply are coming into better balance," said ADP's Nela Richardson.
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March jobs report shows more signs of cooling labor market

by Savannah Peters
May 2, 2023
The number of openings decreased for the third straight month in March, but it’s still historically high.
While there were still nearly 9.6 million job openings in March, that's the third straight month of decreases.
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Amid slowing wage growth, new jobs and salary negotiations still pay off

by Mitchell Hartman
Apr 10, 2023
As wage growth slows, workers consider job-hopping to boost their pay; but when offered a new job, only 3-in-10 try to negotiate for a better deal.
Wage growth is slowing relative to peak pandemic times. With inflation remaining elevated, workers are looking for workarounds.
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Race and Economy

Why federal government data under-represent Native Americans

by Savannah Peters
Apr 7, 2023
One of the reasons revolves around issues of racial classification on official documents like the Census.
Justin Sullivan/Getty Images
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Job openings fall as the labor market slows

by Mitchell Hartman
Apr 5, 2023
Job openings fell by more than 1.3 million in January and February, according to fresh data, but are above pre-pandemic levels.
Employers added fewer jobs than expected in February, according to data from the Department of Labor, but openings remain above pre-pandemic levels.
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Job openings fall in a possible sign of the elusive "soft landing"

by Sabri Ben-Achour
Apr 4, 2023
Fewer job openings in normal times might be not great news, but right now, it is — cautiously speaking — a good sign. 
Workers moving into jobs in hotels and restaurants could be a sign that the economy is rebalancing.
Jim Watson/AFP via Getty Images
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Sunbelt cities top the list of booming U.S. job markets

by Samantha Fields
Apr 3, 2023
Nine of the 10 hottest big city job markets in 2022 were in the South, according to an analysis from the Wall Street Journal and Moody's Analytics.
Nashville topped the list for 2022's hottest job market among major metropolitan areas.
Donald Miralle/Getty Images for Rock 'n' Roll Marathon
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How low unemployment lifts workers at the bottom

by Amy Scott and Sarah Leeson
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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Tax breaks promised jobs in New Jersey's poorest city — they mostly didn't deliver

by David Brancaccio and Ariana Rosas
Mar 27, 2023
The city of Camden was supposed to bring jobs from some of America's biggest companies. So far, that's mostly gone unfulfilled.
Children look out at homes in Camden, New Jersey. Many companies that benefit from state-level tax breaks employ barely any of the city's residents.
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