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☆ Employees are leading employers in the AI adoption cycle, says LinkedIn's Karin Kimbrough
▼ + stars: | 2024-05-10 | 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 EmailEmployees are leading employers in the AI adoption cycle, says LinkedIn's Karin KimbroughKarin Kimbrough, LinkedIn chief economist, joins 'Squawk Box' to discuss results from the Microsoft and LinkedIn work trend index report showing the doubling in generative AI usage at work in the last six months, why employers would rather hire a less experienced candidate with AI skills than a more experienced one who lacks them, impact of AI on the future of work, and more.

Persons: LinkedIn's Karin Kimbrough Karin Kimbrough Organizations: Employees, LinkedIn, Microsoft

☆ 3 signs the economy is thriving — and 3 red flags to monitor
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."

Persons: —, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City

☆ Here’s why it may be harder to find a job online
▼ + stars: | 2024-01-20 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

But new online job posting data suggests a possible slowdown: Total job postings on online job site Indeed have fallen more than 15% compared to the start of 2023, according to data as of January 5 shared with CNN by Nick Bunker, Indeed’s economic research director for North America. Bunker said that new job postings, or those that have been on Indeed for 7 days or less, are down 13.5% year-over-year. A surplus of open roles for the past few years has made it easy for Americans to jump from job to job, gaining higher pay and perks like remote work in the process. “Software development job postings are down 44.6% from a year ago, while postings for banking and finance jobs are down 31.3%,” Bunker said. The percentage of US remote job postings on LinkedIn dropped over 9% from January 2022 to December 2023, even as interest in these jobs remains high.

Persons: Nick Bunker, Bunker, ” Bunker, LinkedIn’s, Karin Kimbrough, Kimbrough, ”, Wells, ” Wells, “ Organizations: Los Angeles CNN, CNN, North America, LinkedIn, Software, Labor, Google, Citigroup

☆ LinkedIn shelved planned move to Microsoft Azure, opting to keep physical data centers
▼ + stars: | 2023-12-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

LinkedIn has set aside an effort to relocate its data center technology out of its physical facilities and into Microsoft's Azure cloud, according to people familiar with the matter. A LinkedIn spokesperson confirmed that the Microsoft subsidiary changed direction on Blueshift and said LinkedIn continues to use Azure. Under the leadership of Nadella, Microsoft has moved some of its acquired assets to Azure, including GitHub and Minecraft developer Mojang. More recently, Azure has gained attention because of Microsoft's investment in OpenAI, which uses Azure infrastructure for running the large language models powering ChatGPT and other products. Microsoft said in October that third-quarter revenue from Azure and other cloud services grew 29%, while LinkedIn revenue was up 8%.

Persons: Satya Nadella, Mohak Shroff, Raghu Hiremagalur, we've, Hiremagalur, Nadella, OpenAI, LinkedIn's Karin Kimbrough Organizations: Microsoft, LinkedIn, Amazon Web Services, CNBC, Nadella, Wired, OpenAI Locations: Blueshift, OpenAI

☆ US job openings hit a two-year low
▼ + stars: | 2023-12-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

That’s the lowest number job openings seen during a month since March 2021 and is further evidence of a cooling US labor market, according to the BLS’ October Job Openings and Labor Turnover Survey report. October’s tally is significantly lower than the record 12.03 million positions hit in March 2022, and the figure is approaching the roughly 7 million openings seen pre-pandemic. After two consecutive months of JOLTS surprising to the upside, the latest job openings total came in well under expectations. Economists’ forecasts called for the October postings to hit 9.3 million, according to Refinitiv consensus estimates. Employers, employees more cautiousThe Federal Reserve has been hoping to see more slack in the labor market to help in the central bank’s fight to bring down inflation.

Persons: ” Karin Kimbrough, “, ” Kimbrough, “ They’ve, Tuesday’s, Kimbrough, ”, “ They’re, Wells, Sarah House, Michael Pugliese Organizations: Minneapolis CNN —, Bureau of Labor Statistics, BLS, Labor, CNN, Federal Reserve, Employees, “ Locations: Minneapolis

☆ Prompt engineer is one of the hot jobs AI is creating
▼ + stars: | 2023-11-25 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

From prompt engineers to AI auditors, companies are seeking workers who can use the new tech. Advertisement"Professionals and employers alike are rapidly adopting AI and generative AI across a broad range of industries. "Prompt engineers are our hot take as the job for 2024," James Neave, Adzuna's head of data science told BI. There were seven adverts for prompt engineers in the UK active in October compared to none last year, according to Adzuna data shared with BI. Analysts at Adzuna also saw an increase in job listings for AI ethics officers, chief AI officers, AI auditors, AI trainers, and machine managers.

Persons: —, it's, Karin Kimbrough, we've, GAI, James Neave, Adzuna's, Neave Organizations: Service, LinkedIn, BI, Machine Locations: Adzuna

☆ AI investment is growing, and so are the career opportunities
▼ + stars: | 2023-11-17 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Within two months of OpenAI launching its AI chatbot ChatGPT last November, it surpassed 100 million monthly users. Major tech companies like Microsoft, Amazon, and Google have invested billions in deals with AI companies like OpenAI and Anthropic, while venture capital firms have placed eight-figure bets on AI startups. AdvertisementMore money in AI means more jobs in AI, and companies big and small are now on the hunt for AI talent. These AI jobs range from software developers and machine learning engineers building in-house AI tools to prompt engineers that fine tune AI chatbots to produce the best outputs. Generative AI has even created a cottage industry of side hustles like ChatGPT course instruction, AI content editing, and newsletters focused on AI-news.

Persons: —, chatbot ChatGPT, Goldman Sachs, Karin Kimbrough, LinkedIn's, Daron Acemoglu, Zer, Richard Baldwin, Aaron Mok Organizations: Service, Microsoft, Google, LinkedIn, Meta, Netflix, Apple, MIT, Nvidia, IBM

☆ AI could steal over 80 million jobs in the next 5 years, but these experts share how to adapt before it's too late
▼ + stars: | 2023-11-08 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

The World Economic Forum recently said generative artificial intelligence could replace 83 million jobs in the next five years within industries including tech and education under threat. Insider talked to a vice president of a data and AI platform, a hiring expert at LinkedIn, and an entrepreneur about three strategies to upskill to AI-proof your career. Karin Kimbrough, LinkedIn's chief economist, told Insider that such skills, including "management, communication, customer service, leadership, and teamwork," were more important to company leaders than AI skills . "Many bumps, turns, and forks you experience while navigating your career will become ever steeper and sharper," he wrote. She said learning how to become a "good prompter" was key to generating helpful responses from the chatbots.

Persons: Karin Kimbrough, LinkedIn's, Read, Junta Nakai, Nakai, Databricks, Jacqueline DeStefano, DeStefano, Tangorra Organizations: Economic, McKinsey, LinkedIn, Omni Business Intelligence Solutions, ChatGPT

☆ Microsoft-owned LinkedIn lays off nearly 700 employees — read the memo here
▼ + stars: | 2023-10-16 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft -owned LinkedIn announced Monday that it cut almost 700 employees, with most coming from the engineering organization, according to a memo viewed by CNBC. The reductions come as the business-oriented social network has seen year-over-year revenue growth slow for eight consecutive quarters. The slimming down comes as Microsoft's overall revenue growth has slipped, pushing CEO Satya Nadella to lower costs across the company. LinkedIn is now ramping up hiring in India, according to the person familiar with the matter. Broken down there are 137 Engineering management roles and 38 Product roles being reduced.

Persons: we've, Mohak Shroff, Tomer Cohen, Satya Nadella, LinkedIn's Karin Kimbrough Organizations: Microsoft, CNBC, LinkedIn, Reuters, Engineering Locations: India

☆ Loneliness and inflation are pushing Gen Z away from dating
▼ + stars: | 2023-10-07 | by ( Phil Rosen | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Expensive dates, inflation, and loneliness are weighing on Gen Zers seeking romantic connections. AdvertisementAdvertisementBecause Gen Z grew up with Facebook, Instagram, and other social platforms, many 20-somethings have grown accustomed to instant connection. To that point, dozens of Gen Zers told Insider they're putting more effort into friendships and nonromantic social events to combat loneliness. Inflation hovered at 3.7% year over year in August, nearly double the 2% rate policymakers want, and it's weighing on Gen Z wallets. "Gen Z wants to find people in natural, organic contexts as friends first, and if something romantic happens, that's great," Lerner said.

Persons: Zers, Gen Zers who'd, —, Marianne Simpson, she'd, Simpson, Vivek Murthy, Z, Kellie Ammerman, Ammerman, Karin Kimbrough, LinkedIn's, Tinder, Bumble, Taylor Price, Price, daters, Gen, Cliff Lerner, Gen Z, Lerner, Andrew Yeung, Yeung, Maxine Williams, Williams, We're Organizations: Service, New, Facebook Locations: New York City, America

☆ We're seeing 'a gradual cooling' in the jobs number, says LinkedIn's Karin Kimbrough
▼ + 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 EmailWe're seeing 'a gradual cooling' in the jobs number, says LinkedIn's Karin KimbroughCNBC's Steve Liesman and Karin Kimbrough, LinkedIn chief economist, join 'Squawk Box'' to preview the September jobs report, the impact on markets and Fed's inflation fight, the state of the labor market, hiring trends, and more.

Persons: LinkedIn's Karin Kimbrough CNBC's Steve Liesman, Karin Kimbrough Organizations: LinkedIn

☆ Your boss wants you to know how to use AI — but don't worry, you don't have to be an expert
▼ + stars: | 2023-10-06 | by ( Madison Hoff | Phil Rosen | ) www.businessinsider.com time to read: +4 min

That could mean "shedding some of the routine tasks that prevent you from doing more interesting work," she said, or it could mean using generative AI to help with summarizing information. To that point, Sinclair Schuller, the co-founder of Nuvalence, a consulting firm that uses generative AI, said the nascent technology is on the fast-track to widespread adoption in the workplace. But even as employers rush to adopt AI tool, there are deep concerns over the impact AI might ultimately have on society. A 2022 survey from Pew shows mixed results from US workers on whether they think AI will help or hurt them in the workplace over the next 20 years. He clarified that this doesn't mean these jobs are necessarily more likely to vanish, but they could be susceptible to big changes.

Persons: —, ChatGPT, WallStreetZen, Karin Kimbrough, there's, Kimbrough, Masayoshi, Sinclair Schuller, upskilling, Schuller, Chris Hyams, Hyams Organizations: LinkedIn, Service, Pew Research Center, Pew

☆ Job growth surged in September
▼ + stars: | 2023-10-06 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The US added 336,000 jobs in September, greater than job growth in August. "It is a sign of stability, steady growth, and we are committed to making sure that all Americans share in the growth and prosperity." Leisure and hospitality saw robust job growth in September, with a gain of 96,000. Government employment soared by 73,000, with bigger gains in local and state government roles compared to the job growth for the federal government. After an increase in the unemployment rate in August as more people entered the labor force, the unemployment rate was 3.8% again in September.

Persons: —, Labor Julie Su, Nick Bunker, Julia Pollak, ZipRecruiter, Bunker, Daniel Zhao, Karin Kimbrough, Kimbrough, there's Organizations: Workers, Service, Bureau of Labor Statistics, of Labor, Labor, North America, Leisure

☆ A top economist explains why a US recession is still on the table
▼ + stars: | 2023-10-03 | by ( Phil Rosen | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The US economy is showing signs of resilience, including from the labor market and consumer spending. The labor market has remained robust, steady economic growth is still there, and consumers have yet to buckle. "I think there's still risks gradually accumulating in the economy," Kimbrough said. AdvertisementAdvertisementConsumer and labor market risks loomA number of factors pose as headwinds for consumers, in the chief economist's view. Gregory Daco, EY's chief economist, also recently warned that there are headwinds impacting consumers, forcing them to perhaps cut back on spending.

Persons: isn't, —, Jeremy Grantham, Jamie Dimon, Karin Kimbrough, LinkedIn's, it's, Kimbrough, they've, Gregory Daco, Daco Organizations: Service, Chicago Fed, BlackRock, Labor, of Labor Statistics, Federal Reserve Bank of New York's Center, Microeconomic

☆ AI expert is a hot new position in the freelance jobs market
▼ + stars: | 2023-09-10 | by ( Ophelia Anwah | ) www.cnbc.com time to read: +6 min

Three years ago, becoming an AI expert would involve "deep knowledge in machine learning algorithms, deep learning AI in general, and a lot of technical things," said Hu, who works through Fiverr on chatbot implementation projects. The rise of generative AI is rapidly reshaping the freelance tech job market, with AI-related job posts from employers and searches among job seekers surging across career and freelance job platforms, including LinkedIn, Upwork and Fiverr. There is opportunity for freelancers expert in AI to take advantage of the lack of AI skills among existing industry professionals, across sectors of the economy. She added that independent methods of education, including YouTube videos or blogs focused on AI skills, are becoming more sought after in the workforce. Hu said to start with the basics, including use of OpenAI tools, like ChatGPT, ChatGPT API, Dall-E, and davinci.

Persons: —, Hu, Vlad Hu, Hu isn't, Fiverr, Karin Kimbrough, we've, Margaret Lilani, Lilani, Victoria Papalian Organizations: LinkedIn, Microsoft, Freelance Locations: Fiverr, U.S

☆ Job seekers are scrambling to add new AI skills to their LinkedIn profiles as postings mentioning ChatGPT surge
▼ + stars: | 2023-08-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

The number of job postings mentioning ChatGPT has surged in recent months. LinkedIn job seekers are adding AI skills to their profiles at a rapid rate. Some AI skills are highly technical, but people skills still have a lot of value. On Indeed, the number of generative-AI job postings rose by about 50% from July 2022 to July 2023, company data provided to Insider said. Second, while companies may be seeking more people with AI skills, one thing hasn't changed.

Persons: ChatGPT, Karin Kimbrough, LinkedIn's, Kimbrough, they've, There's Organizations: Service, LinkedIn, Netflix Locations: Wall, Silicon

☆ Here are the top skills you will need for an 'A.I.-powered future,' according to new Microsoft data
▼ + stars: | 2023-05-09 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Working alongside artificial intelligence will be "as inherent" as how we work with the internet — and employees need to equip themselves with skills for this new future, said Microsoft. Working alongside artificial intelligence will be "as inherent" as how we work with the internet — and employees need to equip themselves with skills for this new future. AI skill sets leaders think employees will needAccording to Microsoft, 82% of leaders globally and 85% of leaders in Asia Pacific said employees will need new skills in an "AI-powered future." The report found that the three top skills that leaders believe are essential are analytical judgment, flexibility and emotional intelligence. These are skills that are "new core competencies," added Microsoft, not just for technical roles or AI experts.

☆ Hiring slowdowns, manager burnout and other trends that will shape U.S. workplaces in 2023, experts say
▼ + stars: | 2023-01-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Now, with a potential recession on the horizon, economists and researchers are convinced that 2023 will usher in even more significant changes to the workplace. CNBC Make It spoke with three experts about the biggest trends that will shape work this year. Hiring will slow in 2023 — but jobseekers will still hold the powerEven though several U.S. companies have slashed staff in recent months, workers will continue to have the upper hand in the labor market this year. Education, government, health care and retail are among the industries where hiring has maintained its momentum, and are poised for continued growth in 2023. "All of this is creating a manager shortage, which just exacerbates the challenges companies are facing attracting and retaining talent," she adds.

☆ Gen Z and millennials are leading 'the big quit' in 2023—why nearly 70% plan to leave their jobs
▼ + stars: | 2023-01-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

In December, LinkedIn and CensusWide surveyed more than 2,000 U.S. workers about their professional plans for the new year. Of those respondents, 72% of Gen Zers and 66% of millennials said they are contemplating a career change in the next 12 months, compared to just 55% of Gen Xers (ages 42-57) and 30% of baby boomers (ages 58-76). This has translated to ample opportunities for workers, who can double or even triple their salaries by changing jobs. Even with a possible recession on the horizon, Kimbrough expects that Gen Zers and millennials will continue to quit and change jobs at elevated rates in the months ahead. Gen Zers and millennials want to work on their own terms

☆ How to use ‘quiet hiring’ to your advantage for a raise or promotion in 2023
▼ + stars: | 2023-01-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Now, a new catchphrase has entered the chat: "Quiet hiring." Quiet hiring isn't an entirely new concept, but more companies are learning into this trend to fill jobs given the ongoing talent shortage and fears of a potential recession, McRae explains. What's more, 63% of workers view quiet hiring as an opportunity to learn new professional skills. Even though it might seem like companies stand to gain the most from quiet hiring, employees can leverage this trend for their own benefit — you might even secure a raise or promotion for yourself. Understand where the opportunities areSome companies might make an announcement about needing employees to pivot roles, but oftentimes, quiet hiring happens at a lower level.

☆ Friday's jobs report showed some 'fraying around the margins,' says LinkedIn's Kimbrough
▼ + stars: | 2022-12-02 | 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 EmailFriday's jobs report showed some 'fraying around the margins,' says LinkedIn's KimbroughJack Manley, JPMorgan Asset Management, and Karin Kimbrough, LinkedIn chief economist, join 'Closing Bell' to discuss their take on Friday's jobs report, how the report will ultimately impact the markets and more.

☆ CEOs can't bully their employees anymore. Elon Musk's failed ultimatum to Twitter employees is proof of that.
▼ + stars: | 2022-11-18 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +4 min

Twitter CEO Elon Musk gave workers an ultimatum: Accept tougher working conditions or leave. Musk's failed ultimatum is proof that workers won't accept aggressive leadership anymore. A good CEO's response shouldn't show aggression: While CEOs can demand workers do their best, they can't do so with such force and with such disregard for workers' wellbeing and still expect to get good results. Even among those with less freedom than well-paid tech employees, many have unionized to demand better compensation and working conditions. In response, Twitter closed its offices until Monday.

☆ Remote job opportunities are drying up but workers want flexibility more than ever, says LinkedIn study
▼ + stars: | 2022-11-02 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

The number of available remote and flexible job options is declining, according to a new study from LinkedIn. Remote jobs dropped to 14% of all listings in September, down from a peak of 20% in February. Even with a shrinking number of remote jobs, Jennifer Shapley — LinkedIn's vice president of global talent acquisition — said she anticipates job flexibility will remain a major priority for candidates. According to the report, demand for flexible work options continues to increase even as availability declines. LinkedIn's data shows that during the February peak, remote job postings attracted 50% of all applications — by September, as availability started to drop, that percentage increased to 52%.

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