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☆ Believe it or not, we're spending less time in meetings than we used to
▼ + stars: | 2024-04-24 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Read previewWe're spending less time in meetings than just a few years ago. And they're taking longer, with the average meeting length at 51.9 minutes, up from 50.6 in 2021. The survey, which focused on tech companies, found that employees spend 37% of their work hours in meetings. There is such a thing as good meetings," Shapiro said. The survey, which was conducted from February through April, found that workers spend about three hours a week booking and rescheduling meetings.

Persons: —, dieter who's, That's, Covid, Henry Shapiro, Reclaim.ai, Shapiro, Ron Hetrick, Hetrick Organizations: Service, Business

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

Where does the economy go from here? Consumers are feeling better, expecting that the economy will do well and inflation will subside in the coming 12 months. While the economy ended last year on a strong note, the expectation was that it would cool down as the calendar turned to 2024. Last week, the International Monetary Fund boosted its projection for global growth to 3.1% from its October estimate of 2.9%, citing “greater-than-expected resilience” in the U.S. economy. The Federal Reserve Bank of Atlanta’s GDPNow forecast has the U.S economy growing at a 4.2% clip in the first quarter.

Persons: ”, Jerome Powell, Powell, ” Powell, Lightcast, Rachel Sederberg, “, That’s Organizations: Federal, Labor Department, ” Comerica Bank, Fed, CBS, International Monetary Fund, Federal Reserve Bank, Atlanta’s, Santander Bank, ” Locations: U.S, ” Santander

Today, remote work has declined from its levels of the pandemic but is still – depending on how broadly one measures it – three to four times as prevalent as it was in 2019. And remote work tends to be dominated by higher-educated employees, with nearly 40% of those holding advanced degrees hybrid or fully remote. In early January, LinkedIn’s Global State of Remote and Hybrid Work study found that at its peak, in April of 2022, the share of job postings that offered remote work reached 20.3%. The more enduring feature of remote work is now hybrid.”There are also substantial differences within industry and among countries. “You’re moving to where the housing is cheaper.”Not that it is all rosy when it comes to remote work.

Persons: ”, Kory Kantenga, Sandra Moran, Julia Pollak, Nick Bunker, Layla O’Kane, Lightcast, Morris Davis, Andra Ghent, Jesse Gregory, ” Goldman Sachs, Boyer, Brad Case, “ That’s, Software’s Moran Organizations: LinkedIn, Workforce Software, LinkedIn’s Global, Labor Statistics, North, “, Oxford University Press, Economic Studies, Rutgers University, Andra, University of Utah, University of Wisconsin, Ivory, Google, NASA, Middleburg Communities, Green Mountain Locations: U.S, Israel, Ghent, Real Estate, Santa Ana , California, LLC.org . New York, Huntsville , Alabama, Huntsville, Glendale , Arizona, Phoenix, Arlington , Texas, Dallas, Middleburg, San Francisco, New York, Charlotte, Raleigh , North Carolina, Orlando, Jacksonville , Florida, Houston, San Antonio , Texas, Florida, Texas, Vermont, Green Mountain State, California

☆ Want a pay bump? Learn how to use AI. Here's how much the skill could be worth based on your job.
▼ + stars: | 2023-12-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Employers said they expect workers with AI skills to receive at least a 30% pay bump. AdvertisementIf your annual review is coming up, flexing your AI skills could be what helps you get that higher salary, a recent study suggests. AdvertisementIn turn, 84% of employees surveyed said that acquiring AI skills could lead to positive impacts on their careers — one of which is higher pay. While more than 80% of younger employees — including Gen Zers and millennials — expressed an interest in developing their AI skills, more than 65% of baby boomers and Gen Xers said they are keen on picking up AI skills as well. The findings on the AI skills premium comes as companies big and small ramp up their efforts to hire generative AI talent.

Persons: —, OpenAI's ChatGPT, Gen Zers, millennials —, Gen Xers, Richard Baldwin Organizations: Employers, Service, Amazon Web Services, AWS, Companies

☆ 5 types of new jobs that AI could create
▼ + stars: | 2023-11-30 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

New AI jobs, which may not require a college degree, could offer high salaries for workers. The number of AI jobs is already on the rise. Here are the five new jobs that AI could create in the future, per the World Economic Forum. AdvertisementAs new AI tools continue to emerge , experts say engineers will be needed to guide their development. AI content creatorsAI tools will make it possible for "AI content creators" to "rapidly produce in-depth content on a topic in any field or domain" per the World Economic Forum report.

Persons: —, it's, Chris Hyams, James Neave, OpenAI Organizations: Service, World Economic, Meta, Economic, Marketing Factory

☆ From Nvidia to Meta, these 9 companies are hiring the most generative AI talent
▼ + stars: | 2023-11-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Companies are actively hiring workers with generative AI skills. Advertisement"We were surprised to see the proliferation of generative AI skills being required in jobs that are not developing these technologies," Kane said. JOSH EDELSON/AFP via Getty ImagesMeta has released a number of AI projects, including AI chatbots and Ray-Ban Smart Glasses. AdvertisementAmazon's is currently hiring for a generative AI data scientist to work on the AWS team. It's currently hiring for an advanced AI research scientist and responsible AI advisor.

Persons: —, Layla O'Kane, Kane, Mark Zuckerberg, JOSH EDELSON, PNNL, Artur Widak, Anthropic, It's, there's Organizations: Meta, Service, Getty, Capital, Pacific Northwest National Laboratory, US Department of Energy, AWS, Accenture, Nvidia, Microsoft Locations: AFP, Asia

☆ Yellen says high food and rent prices key factors in voters' negative economic outlook
▼ + stars: | 2023-11-20 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — Treasury Secretary Janet Yellen pointed to the consistently higher prices that Americans pay for food and rent today, compared with pre-pandemic levels, as a major factor driving voters' negative outlook on the economy. "Although prices in general are rising less quickly, Americans still see increases in some important prices, including food, from where we were prior to the pandemic. As overall inflation rates have come down over the past year, food prices have consistently outpaced baseline inflation, according to the Bureau of Labor Statistics. There are lots of reasons for this, ranging from the war in Ukraine's impact on grain prices to restaurants charging higher prices for menu items. But Americans do notice higher prices from what they used to be accustomed to," she added.

Persons: Janet Yellen, Yellen, Joe Biden, Biden, Elizabeth Crofoot, CNBC's Jeff Cox, Donald Trump Organizations: Bureau of Labor Statistics, NBC Locations: WASHINGTON

Private employers added 113,000 workers in October, led by the education and health care sectors, payroll firm ADP said on Wednesday. “No single industry dominated hiring this month, and big post-pandemic pay increases seem to be behind us,” said ADP Chief Economist Nela Richardson. Political Cartoons on the Economy View All 605 ImagesThe ADP report kicks off the week’s focus on employment data. “The 1.1% rise in the Employment Cost Index in Q3 was a touch stronger than expected but showed labor cost pressures continue to slowly ease on trend,” said Wells Fargo economists. “With the ECI still running north of 4%, labor cost growth remains too high to be consistent with the Fed's 2% inflation target.

Persons: ”, Nela Richardson, “, it's, Wells, Rucha Vankudre, ” Vankudre Organizations: Labor Department, “

☆ From Tuesday's Dow drop to Friday's rally, here's why it was a whipsaw week for the market
▼ + stars: | 2023-10-08 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

When the government released September's job report Friday morning, the market's first take was that it was too good to be … good. And odds of another rate hike, which had edged up early in the day, had retreated again. "I don't think the week's data indicates the labor market needs higher interest rates," said Daniel Zhao, lead economist at career platform Glassdoor.com. But average hourly income rose just 0.2%, doing a lot to mute fears that a tight labor market would keep propelling inflation. The gap between economists and bond investorsEconomists and bond investors have been seeing two different pictures in the labor data all week, Crofoot said.

Persons: Daniel Zhao, Elizabeth Crofoot, Zhao, Crofoot, Goldman Sachs, Jan Hatzius, Hatzius Organizations: New York Stock Exchange, Treasury, Dow, Federal Reserve, Labor Department, CNBC Locations: New York City, Washington

☆ Even as job creation surges, Americans still think the economy stinks. Here's why
▼ + stars: | 2023-10-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"You see all these high-level headline numbers, and those numbers don't jibe with your economic reality," said Elizabeth Crofoot, senior economist at labor analytics firm Lightcast. Higher prices have been one problem. Are the jobs numbers really that good? Beyond the housing costs, there's some evidence that the jobs numbers may not be all they're cracked up to be, either. After all, more than a quarter of the job creation for September came from lower-wage occupations in the leisure and hospitality industry.

Persons: Frederic J, Brown, Elizabeth Crofoot, nonfarm, Joe Biden's, Crofoot, millennials, Jessica Lautz Organizations: Shell, Afp, Getty, Labor Department, Reuters, Consumer, University of Michigan, Consumers, National Association of Realtors, NAR, Federal Reserve Locations: Alhambra , California, U.S

Employers added only 89,000 jobs in September, well below expectations, private payroll firm ADP said on Wednesday. "We are seeing a steepening decline in jobs this month," said Nela Richardson, chief economist at ADP. The report is the second to come this week on the health of the job market. On Tuesday, the Labor Department issued its report on job openings for August, with a surprising 9.6 million jobs available. While the job market has slowed in 2023, it still remains tight by historical standards.

Persons: Nela Richardson, ”, Lightcast, Rachel Sederberg, Julia Pollak, José Torres Organizations: ADP, Federal Reserve, Labor Department, Interactive Brokers

☆ What to expect from Friday’s jobs report: Steady, but slower, growth
▼ + stars: | 2023-08-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

Minneapolis CNN —Last month, the Bureau of Labor Statistics delivered a jobs report that only Baby Bear could offer: not too hot, not too cold, but just right. While that figure was well below the breakneck pace of job growth over the past three years, it was roughly in line with the monthly average seen in the decade before the pandemic. The August jobs report, set to be released on Friday at 8:30 a.m. ET, is expected to show that the labor market will stay in this sweet spot. The Fed has been wanting to see more slack in the labor market in its battle to bring down inflation.

Persons: Minneapolis CNN —, ”, Julia Pollak, it’s, “, Pollak, Dean Baker, Jerome Powell’s, “ I’m, Rachel Sederberg, ” Andrew Challenger Organizations: Minneapolis CNN, of Labor Statistics, Federal Reserve, Center for Economic, Policy Research, Labor, CNN, Private, ADP, Challenger Locations: Minneapolis

☆ Here's everything you need to look for in Friday's July jobs report
▼ + stars: | 2023-08-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The prime-age participation rate, for one, focuses on the 25-to-54 age group cohort. watch now"The durability of this labor market largely comes because we simply don't have the people," said Rachel Sederberg, senior economist for job analytics firm Lightcast. They don't even come close to the Baby Boomers who have left the labor market." Those measures include job data from alternative sources, the job openings count from the Labor Department, and the firm's own employer surveys. The trick, said Lightcast economist Sederberg, is for the labor market to be cooling but not crashing.

Persons: Jeff Greenberg, Jeffrey Roach, Roach, —, Covid, Rachel Sederberg, We've, X, Tom Garretson, Garretson, Goldman Sachs, Goldman, Spencer Hill, Hill, Sederberg, we've Organizations: Miami, Universal, Getty, Federal Reserve, LPL, Baby Boomers, RBC Wealth Management, RBC, Labor Department Locations: Miami Beach , Florida, Normandy Isle, 7ty, U.S

☆ Job openings, layoffs declined in June in a positive sign for the labor market
▼ + stars: | 2023-08-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Job vacancies and layoffs edged lower in June, according to a Labor Department report Tuesday that points to a stable labor market. Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million in May, the department said in its monthly Job Openings and Labor Turnover Survey. Along with that, the JOLTS report said layoffs nudged down to 1.53 million, after totaling 1.55 million in May. "The pace of the current slowdown may be too gradual for many policymakers at the Federal Reserve, as job openings are only gradually declining. There are now about 1.6 job openings per every available worker, according to Labor Department data.

Persons: Rachel Sederberg, Nick Bunker, Quits Organizations: Labor Department, Labor, Federal, Federal Reserve Locations: U.S

And yet, the industry is currently battling the highest level of unfilled job openings ever recorded. The construction industry averaged more than 390,000 job openings per month in 2022, the highest level on record, while unemployment in the sector of 4.6% was the second lowest on record. "Commercial construction materials prices are now 40% higher than they were back in February 2020. For construction workers, pay is boomingFor workers who seek construction jobs, the timing has never been better. "The construction industry is now paying 80% more than the average non-farm job in the United States."

Persons: Anirban Basu, Maria Davidson, Lori Ann Larocco, Davidson, it's, Michael Elder, Rucha Vankudre, It's, Brian Turmail, Turmail, doesn't, we've, Vankudre Organizations: Associated Builders and Contractors, ABC, MBTA, Boston Globe, General Contractors of America, . Census Locations: U.S, Boston, United States

☆ AI is kicking off a new kind of tech hiring boom — but only in certain cities
▼ + stars: | 2023-07-26 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A new wave of generative AI jobs could follow the same pattern, per a Brookings Institution report. Nearly half of the new US generative AI job postings in May came from one of six metro areas. In May, 25% of new generative AI job postings — which contained terms like "ChatGPT" or "generative AI" — were posted in the Bay Area (San Francisco and San Jose). In the below chart, "early adopters" refers to the 13 aforementioned metros, excluding the Bay Area metros. Brookings' Muro said that he expects many generative AI jobs to be in-person some or all of the time.

Persons: ChatGPT, —, Santa Barbara, Mark Muro, Muro, Sam Altman, Brookings Organizations: Brookings Institution, Service, Bay Area, —, Google Locations: Wall, Silicon, Lightcast, Bay, San Francisco, San Jose, New York City, Los Angeles, Boston, Seattle, Washington, DC, San Diego, Austin, Raleigh, Boulder, Lincoln, Santa Cruz, Santa Maria, Santa, Santa Fe, Brookings, — San Francisco

☆ These are America’s 10 best states to live and work in for 2023, and there are some notable omissions
▼ + stars: | 2023-07-14 | by ( Scott Cohn | ) www.cnbc.com time to read: +2 min

And because this is as much a demographic phenomenon as an economic one, Wright said workers shortages are now here to stay. "(A) quality of life that inspires people to build their business, families and lives here," one state economic development website promises. And with surveys showing a significant percentage of women factoring reproductive rights into where they are willing to live, state abortion laws are a new metric in 2023. The study shows that some states are falling short — America's Worst States to Live and Work in. But these ten states are America's best places to live and work in 2023.

Persons: Josh Wright, Wright Locations: U.S, States

☆ With a world-class workforce and a booming economy, North Carolina repeats as America's Top State for Business in 2023
▼ + stars: | 2023-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +6 min

North Carolina Gov. North Carolina ranks first in the all-important Workforce category of CNBC's study. Strong workers fuel GDP, solid state finances North Carolina's strong workforce helped feed its performance in other categories. "It's clear that the Republican legislature is aiming to choke the life out of public education," Cooper said on May 24. Abortion rights demonstrators gather to protest in Raleigh, North Carolina, after the Supreme Court's decision in the Dobbs v. Jackson Women's Health case, June 24, 2022.

Persons: Bosch, Roy Cooper, Joe Biden's, Melissa Sue Gerrits, Josh Wright, Charlotte, it's, You've, Wright, Cooper, Tricia Cotham, Cotham Organizations: State, Business, North Carolina, CNBC, North Carolina Gov, Getty, Apple, Triangle, Democrat, Raleigh, U.S . Labor Department, Commerce Department, Federal Housing Financing Agency, Census, ATTOM Data, Technology, Innovation, Capital, Republican, Republicans, General, Jackson, Anadolu Agency Locations: North Carolina, Lincolnton, Greensboro, Goldsboro, American, Durham, Wolfspeed, Durham , North Carolina, East Coast, America, Alaska, Massachusetts, North, Raleigh , North Carolina, Dobbs

☆ How the Fed’s new instant money program could lead to another regional banking crisis
▼ + stars: | 2023-07-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Sure, you can currently Venmo or Zelle your friends instantly, but the banking system hasn’t kept up. Most transfers currently run on old systems that take hours, or even days, to process the money. Kevin Jacques: It’s a network that lets banks transfer money between themselves and between the account holders at the different banks in a near-instant way. The increase in average hourly earnings remained at 0.4% month on month, unchanged from May; and is up about 4.4% from last year. Instagram has more than two billion users, far more than the 238 million users Twitter reported having in the months before Musk took over.

Persons: New York CNN — FedNow, hasn’t, Bell, Kevin Jacques, It’s, You’ve, heartened, Payrolls, Job, Rucha Vankudre, Alicia Wallace, “, We’re, ”, Joseph Davis, Jerome Powell, Candice Tse, Elon Musk, Mark Zuckerberg, Zuckerberg, Musk, Brian Fung, Instagram Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Cota Capital, Fed, There’s UPI, Silicon Valley Bank, ”, Vanguard, Goldman Sachs Asset Management, Meta, Twitter Locations: New York, India, Brazil, Silicon

☆ The US labor market cooled off in June, adding just 209,000 jobs
▼ + stars: | 2023-07-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —The US job market cooled back down in June, adding just 209,000 jobs, and fueling optimism that the economy is on course to nail that elusive soft landing of lowering inflation without triggering a recession. That being said, last month’s job growth still outpaces the pre-pandemic average. “The job growth is slowing, but I don’t actually think that’s necessarily a bad thing,” Rucha Vankudre, senior economist for labor market analytics company Lightcast, told CNN. “In the tug of war between the labor market and the economy, there is still a push and pull, yet the labor market remains strong,” Becky Frankiewicz, president and chief commercial officer of ManpowerGroup, said in commentary issued Friday. In June, sectors such as government, as well as health care and social assistance, saw the biggest job gains: 60,000 and 65,200, respectively.

Persons: Rucha Vankudre, We’re, Becky Frankiewicz, ManpowerGroup, “, Lightcast’s Vankudre, ” “, Joe Brusuelas, ” Brusuelas, “ We’re, ” Organizations: Minneapolis CNN, Bureau of Labor Statistics, CNN, “, Federal Reserve, Service, BLS, RSM, Fed Locations: Minneapolis

☆ Why the new bull market is headed for more Fed stress after a rate hike pause
▼ + stars: | 2023-06-11 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +10 min

And even if the Fed does pause, Ferguson says it doesn't mean that more rate hikes aren't coming over the rest of the year. He isn't alone in the view that a Fed pause won't last long. This view is underpinned by, among other things, a labor market that continues to be tight. Others see recent cooling the labor market as a signal the Fed may soon have more need to moderate its rate hike strategy. "The broad picture here is the labor market is cooling in a sustainable way.

Persons: Savita Subramanian, Roger Ferguson, That's, Ferguson, CNBC's, isn't, Michelle Girard, Steve Liesman, Dennis Lockhart, Lockhart, Fed's, Jerome Powell, Brendan McDermid, — Ferguson, Wharton, Jeremy Siegel, Siegel, Jerome Powell's, Rucha Vankudre, Nick Bunker, Bunker, Goldman Sachs, David Solomon —, Solomon, Goldman, Frederic Mishkin, it's, Mishkin, we've Organizations: Federal Reserve, Dow Jones, NASDAQ, Bank of America, Fed, NatWest Markets, Atlanta Fed, Traders, New York Stock Exchange, CNBC, Conference Board, Labor, Lightcast, Former Fed, Bank of Canada, Reserve Bank of Australia Locations: U.S

☆ Remote jobs are moving overseas and to smaller U.S. cities: ‘The same skills for 60% of the cost'
▼ + stars: | 2023-06-09 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Remote jobs aren't disappearing — they're just moving out of expensive coastal metros like New York and San Francisco. Faced with labor shortages and rising wages, companies are hiring for more remote jobs overseas and in smaller U.S. cities. Where remote jobs are goingRemote hiring is expanding beyond its traditional strongholds, like India, creating new "Zoomtowns" overseas and in pockets of the U.S. Midwest. The number of North American companies with remote workers in Central America and the Caribbean, for example, has grown 300% between 2020 and 2023, according to new research from Lightcast. How to stand out in a more competitive remote job market

Persons: Nicholas Bloom, Kim Rutledge, Rutledge, George Denlinger, Robert Half, Layla O'Kane, Bloom Organizations: Companies, U.S . Midwest, Stanford, U.S, U.S ., Lightcast Locations: New York, San Francisco, Phoenix, Asheville, Boise, India, U.S, Mexico, Philippines, Central America, Caribbean, Lightcast, Austin, Monterrey, Bengaluru, California, Robert Half . Illinois , Ohio, Nebraska, Denlinger

☆ Shifting to life post-Covid: How remote work transformed this city in the Midwest
▼ + stars: | 2023-05-13 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Michigan Avenue in Lansing, Michigan. said Cathleen Edgerly, executive director of Downtown Lansing, Inc., a nonprofit working on the culture and sustainability of the downtown. Lansing had the largest share of job listings in March with at least one day of remote work of any city, according to WFH Map. And an analysis by Bloomberg found remote work has cost Manhattan more than $12 billion annually. Lansing, Michigan, USA at the Michigan State Capitol during the evening.

☆ Top Colleges for High-Paying Jobs in Software
▼ + stars: | 2023-05-09 | by ( Demetria Gallegos | ) www.wsj.com time to read: +1 min

UCLA graduates in the software industry average some of the highest salaries in the field. Photo: caroline brehman/EPA/ShutterstockGraduates of Stanford University who enter the software industry are out-earning their peers from other schools, according to a salary-based ranking of colleges. Among public schools, graduates from the University of California, Berkeley make the highest pay in software. The ranking of salaries over the first 10 years in a given field focuses on the impact one’s choice of undergraduate school can make. Graduates don’t have to have majored in the fields they eventually entered.

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