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☆ White-Collar Recession: It's Hard to Find a High-Salary Job
▼ + stars: | 2024-04-30 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

Over the past year or so, pretty much everyone who's looked for a job has told me the same thing: The job market is brutal right now. By all the standard measures, the job market is doing just fine. And what the numbers show is a two-tier job market — one divided between a blue-collar boom and a white-collar recession. Now, you could argue that a slowdown in white-collar hiring doesn't really matter in the current economy, even for white-collar workers. And the longer the white-collar hiring lull continues, he warns, the more the resentment will build.

Persons: who's, I've, you'd, it's, Mark Zuckerberg, Fiona Greig, doesn't, Emily Stewart, Guy Berger, Berger, there's, —, Aki Ito Organizations: Vanguard, Glass Institute, Business Locations: America

☆ Live Updates: U.S. Job Growth Expected to Remain Robust
▼ + stars: | 2024-04-05 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +2 min

PinnedWith the year’s first quarter in the books, the Labor Department will release its latest update on the labor market Friday morning. Economists expect the March report to show that over 200,000 jobs were added for the fourth consecutive month, according to a Bloomberg survey. The report is expected to show that the unemployment rate ticked down to 3.8 percent from 3.9 percent in February. It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away. Nevertheless, there is “still absolutely nothing happening” in key measures of long-run jobless claims, said Guy Berger, director of economic research at the Burning Glass Institute, which studies the labor market.

Persons: ”, Joe Davis, Guy Berger Organizations: Labor Department, Bloomberg, Federal, Vanguard, Federal Reserve, Glass Institute Locations: U.S

☆ The New Jobs Report Showed Employees Are Entering a so-so Era
▼ + stars: | 2024-02-04 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

For almost two years, many economists and observers have figured something has to give in the labor market. And then the labor market has turned around and said, "Ha, actually, no." If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago. If you have a job, you're at a relatively low risk of losing that job — despite the headlines about layoffs at some big-name companies. "If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago," Preston Mui, a senior economist at the macroeconomic policy group Employ America, said.

Persons: Nick Bunker, didn't, Guy Berger, Preston Mui, —, Heck, hasn't, It's, they're, Emily Stewart Organizations: Ferrari, Workers, Glass Institute, Companies, Business Locations: America

Many people subsequently turned to remote work, and the workforce recovered but only to be plunged into three years of an incredibly tight labor market. Today, the unemployment rate is at 3.9% following an increase in October from the prior’s month’s 3.8% level, and by most measures the labor market is considered very strong. “It does seem like the labor market is getting a little more balanced,” says Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments. The overwhelmingly takeaway is that the labor market has defied most predictions and shown a level of resiliency and adaptability that has surprised many observers. This was the “excess retirements” who were causing the labor market to be exceptionally tight.

Persons: Gene Tannuzzo, “, ”, Bill Armstrong, “ We've, Guy Berger, James Neave, ” Neave, –, Berger, ’ Berger, Sarah House, it’s, women’s Organizations: Columbia Threadneedle Investments, Safeguard Global, Technology, LinkedIn, Walmart, General Motors, Google, Wells, Louis Federal Reserve Bank, & $ Locations: Minnesota

☆ There's a good likelihood we could have a Q4 rally, says Gradient Investment's Jeremy Bryan
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a good likelihood we could have a Q4 rally, says Gradient Investment's Jeremy BryanRon Insana, chief market strategist at Dynasty Financial Partners, Guy Berger, LinkedIn's principal economist and head of macroeconomics, and Jeremy Bryan, senior portfolio manager with Gradient Investments, join 'Power Lunch' to discuss September's jobs report, what it tells about the labor market and more.

Persons: Jeremy Bryan Ron Insana, Guy Berger, LinkedIn's, Jeremy Bryan Organizations: Financial Partners, Investments

☆ Landing a new job right now could take you nearly 2 months, according to LinkedIn
▼ + stars: | 2023-08-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Could you wait seven weeks to start a new job? That's how long it's taking job seekers to go from submitting an application to their first day of work, according to new research from LinkedIn. For more senior roles, the average hiring cycle is seven weeks. Hiring has slowed from last year's breakneck pace, but the news isn't all bad for job seekers, says Luke Pardue, an economist at payroll provider Gusto. That, combined with the Federal Reserve's hefty interest rate hikes, has slowed hiring.

Persons: Luke Pardue, they're, Guy Berger, LinkedIn's, Berger, Pardue, It's, Warren Buffett Organizations: LinkedIn, Consulting, Federal Locations: U.S

☆ Singapore's workers want to stay remote, but employers are backtracking on flexibility
▼ + stars: | 2023-07-17 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

While working professionals remain "keenly interested" in remote work, employers have been far less likely to mention "work from home" in postings, said Indeed Singapore. In May 2023, 6.6% of job postings explicitly mentioned phrases such as "work from home" or "remote work" in their job descriptions. Callam Pickering APAC senior economist, IndeedBy contrast, jobseeker interest in remote work "remains elevated" with 3.5% of searches, Indeed added. Terms such as "full-time," "remote work" and similar phrases are also consistently among Singapore's most popular search terms. Job postings in declineSingapore job postings on the portal are on a decline, with numbers hitting lowest levels since September 2021.

Persons: Samantha, It'll, jobseekers, Callam Pickering APAC, Jobseekers, Callam, Guy Berger, LinkedIn's, there's Organizations: CNBC, LinkedIn's Locations: Singapore, Callam Pickering, Asia, Pacific, APAC

☆ LinkedIn's top economist explains the AI trend that could mark a tipping point - and the under-the-radar labor market shifts unfolding now
▼ + stars: | 2023-04-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

In an interview with Insider, LinkedIn's head of macroeconomics broke down labor market trends and AI. LinkedIn data shows the number of jobs on the site mentioning ChatGPT jumped by 51% from 2021 to 2022. The key tipping point to watch will be how soon AI can seep into jobs outside of the technology sector. The economist also pointed out that employers are pulling back on existing remote work, and hiring for new remote jobs is slowing down compared to non-remote jobs. Last month, nearly 1 in 9 US job postings on LinkedIn offered remote work, down from 1 in 5 offered in March 2022.

☆ How the Fed is reshaping the labor market and why the nature of work is shifting, according to LinkedIn’s principal economist
▼ + stars: | 2023-04-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Today's newsletter may not include a job offer, but it will give you a better grasp of what to look for in this still-hot labor market. I'm excited to share this week's conversation with one of the leading experts on jobs and hiring trends. How is that showing up in the labor market? What about the role of AI in the labor market? What do you think of Berger's insights on the labor market?

☆ Hot job market and remote access enabling people to work two jobs, says LinkedIn's Guy Berger
▼ + stars: | 2023-04-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHot job market and remote access enabling people to work two jobs, says LinkedIn's Guy BergerLinkedIn's Principal Economist Guy Berger on revisions to job claims, weakening labor data ahead of the jobs report, and the Fed's actions impacting employment.

☆ Singapore’s 15 fastest-growing jobs for 2023, according to LinkedIn
▼ + stars: | 2023-01-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

Jobs that help companies digitize and grow amid economic volatility are on the rise in Singapore, according to LinkedIn. Its latest Jobs on the Rise data revealed spikes in hiring for growth specialists, technical jobs and health-care professionals in Asia — among other jobs expected to expand hiring well into 2023. Researchers from LinkedIn examined jobs from January 2018 to July 2022 to calculate the growth rate for each job title in a specific country. Here's the full list of Singapore's jobs on the rise in 2023, according to LinkedIn:1. Machine learning engineerMost common skills: TensorFlow, Deep Learning, PyTorch Most common industries: Technology and media, manufacturing, financial services Median years of prior experience: 2.6 Remote job availability: 4.5%12.

Wage gains are strong and consumption, the mainstay of U.S. economic growth, continues to increase even after adjusting for inflation. Many factors influence when and if the economy falls into recession; but invariably it will involve rising unemployment and falling consumption. They have telegraphed plans to keep raising interest rates for now as they try to cool the economy and keep prices in check. To date, Fed officials do not feel they have overstepped. "The greatest upside risk is also linked to monetary policy actions," if the Fed navigates the economy to its aimed-for "soft landing" that avoids recession.

☆ Waves of workers are 'quick quitting' as the clock runs down on the Great Resignation
▼ + stars: | 2022-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Some people part of the Great Resignation may be "quick quitting" and leaving jobs that they've been at for less than a year. Recession fears may impact those thinking about quick quitting. But there's a new twist: "quick quitting," which LinkedIn defines as leaving a position that they had for less than a year, according to its data. But for now, LinkedIn's analysis of short tenure rates using its own data show white-collar workers are among the workers quick quitting. Salemi said she's "cautious" though about people quickly quitting though because "it shouldn't necessarily be spontaneous."

☆ U.S. job growth seen smallest in nearly two years in October, unemployment rate up
▼ + stars: | 2022-11-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"The labor market is basically OK, but it does seem to be slowing," said Guy Berger, principal economist at LinkedInin San Francisco. "The Fed is going to try to thread the needle where they slow down the labor market enough to put downward pressure on wages and inflation, without causing a recession." Still, the labor market remains tight, with 1.9 job openings per unemployed person at the end of September. Stripping out any distortions from the weather and calendar quirk, wage growth is cooling. "We believe we've seen wage growth peak," said Michelle Green, principal economist at Prevedere in Columbus, Ohio.

☆ Americans want holiday work, but big retailers like Macy's are cutting back hiring plans amid inflation and recession fears
▼ + stars: | 2022-10-22 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

But big retailers might be slower to add temporary help this holiday season than in years past. Despite an eagerness for holiday work, economists from various career sites agree that seasonal hiring doesn't look so hot this year. For instance, Macy's is planning to hire fewer seasonal workers this year compared to last year, as Insider's Avery Hartmans reported. Target has a similar hiring goal as last year; it plans to hire up to 100,000 seasonal workers. Did you apply for a holiday hiring position because of economic reasons?

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