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Stories Tagged as

Labor market

Consumer confidence is rebounding. Here's why.

by Mitchell Hartman
Jul 26, 2023
The University of Michigan's consumer sentiment index is up 40% over last year, aided by moderating inflation and job market strength.
"We know from history that as long as folks are working, they feel more comfortable about spending,” said Quincy Krosby of LPL Financial.
David Becker/Getty Images for Nordstrom Rack
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Unpaid promotions: big titles without the big bucks

by Janet Nguyen
Jul 6, 2023
Some employers use inflated job titles to keep staff on board. But without equivalent compensation, the plan can backfire.
Make sure your next promotion comes with a higher paycheck. If it doesn't, there are other forms of compensation you could negotiate for.
Andrey Popov/Getty Images
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Immigrant workforce reaches near record level

by Nancy Marshall-Genzer
Jul 6, 2023
Foreign-born workers are continuing to play a crucial role in a tight job market.
Tisheeka Wallace is assistant manager of Pacci's Trattoria, where immigrants make up one-fifth of the workforce.
Nancy Marshall Genzer/Marketplace
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What rurally-based companies can teach us about shrinking labor pools

by Chris Farrell
Jun 21, 2023
A remote corner of the U.S. might offer insight into how companies can work with the labor market they've got.
Rural companies in areas with low populations have to find ways to attract and retain workers.
Kerem Yucel/AFP via Getty Images
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Is the U.S. economy really a tale of two job markets?

by Sabri Ben-Achour and Alex Schroeder
Jun 9, 2023
The "dual labor market" theory paints a picture of two very different job markets in terms of stability, pay, and mobility.
The unemployment rate is at a half-century low, yet many workers are unable to escape poorly paid, precarious jobs. One reason could be that the U.S. job market has evolved into two distinct labor markets—a dual labor market--and workers in each section experience very different economies.
Joe Raedle/Getty Images
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Women's labor force participation rate reaches an all-time high

by Samantha Fields
Jun 2, 2023
Millions of women left the workforce early in the pandemic. The strong job market and flexible working conditions have brought many back.
When COVID hit, many women exited the workforce as the service sector collapsed and their children were schooled at home. Now, women's employment is bouncing back.
Olivier Douliery/AFP via Getty Images
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The tight U.S. labor market hasn't benefitted workers equally, Fed study finds

by David Brancaccio , Alex Schroeder and Ariana Rosas
Jun 2, 2023
A new Fed study goes beyond the "strong labor market" headlines and finds workers struggling with landing jobs, burnout and more.
Even with all of the talk about ample job openings, some workers aren't taking them. Why? This Federal Reserve survey asked workers just that question.
Courtesy of the Federal Reserve Bank of Philadelphia
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Finding Your Place

There aren't enough workers to help people experiencing homelessness

by Matt Levin
Jun 1, 2023
That's impacting efforts to get people into housing. But there are some programs trying to increase the number of specialists in the pipeline.
A man sleeps outside the Homeless Help Desk kiosk in the Skid Row community of Los Angeles, California. Frederic J. Brown/AFP via Getty Images.
Frederic J. Brown/AFP via Getty Images
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4 of 5 “prime age” people are in workforce, highest since 2001

by Stephanie Hughes
May 29, 2023
The ratio covers people 25 to 54 years old. The strong participation means employers looking to hire may have a hard time finding workers.
With the labor market still hot, industries like hospitality and retail may struggle to attract workers unless they boost wages.
Olivier Douliery/AFP via Getty Images
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Jobless claims are up, but unemployment is still low. What does that mean?

by Samantha Fields
May 11, 2023
The four-week moving average of unemployment benefits claims is at the highest level since late 2021. Is this more evidence of a slowly cooling economy?
The four-week moving average of unemployment insurance claims is the highest it’s been since late 2021.
Scott Olson/Getty Images
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