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☆ Australia's budget is expected to target housing crisis as prices keep climbing
▼ + stars: | 2024-05-13 | by ( Vivien Soo | ) www.cnbc.com time to read: +6 min

Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Treasurer Jim Chalmers is set to deliver the budget on Tuesday, which is expected to focus on addressing the nation's housing crisis. The Albanese government has already said it plans to allocate 88.8 million Australian dollars ($58.7 million) to train 20,000 local workers for the construction and housing sector. The National Housing Supply and Affordability Council (NHSAC) said Australia's limited housing supply has been further stretched by a number of factors, including "the resumption of migration at pace, rising interest rates, skills shortages, elevated construction company insolvencies, weak consumer confidence and cost inflation." She also said high housing prices have "ugly" long-term effects.

Persons: Andrew Merry, Eliza Owen, Jim Chalmers, Albanese, Peter Dutton, Owen, CoreLogic's Owen Organizations: Australia, Reserve Bank, Australian Bureau, Statistics, CoreLogic, ABS, Housing Supply, Authorities, Australian Bureau of Statistics Locations: North Bondi, Sydney, Australia, CoreLogic Australia

University commencement season in New York City starts on Friday, in a climate that is anything but normal. At N.Y.U., dozens of graduate student workers are threatening to withhold grades if the university does not remove police officers from campus. Nemat Shafik, Columbia’s president, announced on Monday that the school was canceling its main commencement ceremony, largely for security reasons. will hold its large commencement ceremony at Yankee Stadium next Wednesday. The New School will hold its commencement at Louis Armstrong Stadium in Queens next Friday.

Persons: Nemat, Shafik, ”, Zohar Ford, Dr, “, ” “ Organizations: University, Fashion Institute of Technology, City College, Fordham University, The New School and Columbia, Columbia, School of Professional, School of Social, Yankee, New, Louis Armstrong, Low Library, Hamilton Hall, Financial Times Locations: New York City, Israel, N.Y.U, Gaza, Queens, Morningside, Hamilton, “, Columbia

☆ Trump’s VP hopefuls continue auditioning to join his ticket, following weekend fundraiser
▼ + stars: | 2024-05-05 | by ( Kit Maher | Greg Clary | ) edition.cnn.com time to read: +8 min

Kristi Noem remained on defense after blowback from an anecdote about killing a 14-month-old dog and goat on her farm. “This is Joe Biden’s Democrat Party today,” the New York Republican said, alluding to scenes of chaos on campuses nationwide. “And the reality is this is why Republicans continue to poll stronger and stronger, because we represent peace and security. Video Ad Feedback Tapper presses potential Trump VP pick on 2020 election 04:10 - Source: CNNGoodbye, Sunshine State? Rubio also tried Sunday to tamp down on speculation that he would be Trump’s vice president.

Persons: Donald Trump’s, Joe Biden, Kristi Noem, Noem, Elise Stefanik, Doug Burgum, South Carolina Sen, Tim Scott, Florida Sen, Marco Rubio, Joe Biden’s, ” Rubio, ”, Biden, ” Scott, Trump, Scott, Donald Trump, ” Trump, NBC’s Kristen Welker, Kristen, ” Burgum, Tapper, Sunshine State ? Rubio, Rubio, “, doesn’t, He’s, ” Noem, “ Joe Biden’s, Kim Jong, I’d, Kim, “ I’ve, I’ve, CNN’s Casey Gannon, Veronica Stracqualursi Organizations: CNN, South Carolina Gov, Trump, Republican National Committee, Mar, North Dakota Gov, Fox News, Biden, Democratic Party, Joe Biden’s Democrat Party, New York Republican, Republicans, “ Fox, Press, White, Milwaukee Journal Sentinel, Sunshine State, RNC, Republican Party, CBS, Cricket, North, “ Locations: Florida, North, South Carolina, Israel, ”, United States, Dakota, South Dakota, Noem, North Korean

☆ More Gen Zers could ditch college this fall — and some schools are worried they might never fully recover
▼ + stars: | 2024-04-27 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

A college enrollment crisis is likely coming this fall. It's a result of complications with the FAFSA form, along with a lower supply of high school seniors. There's also a limited supply of high school seniors right now due to lower birth rates during the Great Recession. But the immediate enrollment shock will likely come this fall — and both students and colleges will feel the impact. AdvertisementAre you a recent high school graduate not going to college?

Persons: It's, —, aren't, Katharine Meyer, Gen Zers, MorraLee Keller, Keller, There's, Meyer, They're, they're, there's, Hodges University —, Zers Organizations: Service, Brown Center, Education, Brookings Institution, National Center for Education Statistics, Federal Student Aid, Education Department, National College, Hodges University Locations: Florida, New York, Texas

☆ I got a job and immediately knew it wasn't a good fit. I quit in less than a year to take care of my mental health.
▼ + stars: | 2024-04-17 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

Basant Shenouda, 27, is one of LinkedIn's biggest career content creators. She once quit a toxic job after less than a year in a tough market and with nothing else lined up. I'm a Gen-Zer and one of LinkedIn's biggest career content creators. Mental health is beyond important, but it's also important to have a sense of financial security during these tough times. I also recommend that workers continuously look toward future job opportunities and look at their careers as a staircase.

Persons: Basant Shenouda, —, It's, I've, it's Organizations: Service, Big Tech Locations: Dublin

☆ I quit my job with nothing else lined up and in a terrible job market. I have no regrets.
▼ + stars: | 2024-04-17 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

AdvertisementThe management style made the job difficultAt the beginning of my career journey, I tried many different things. Ultimately, I quit after less than a year without any job lined up. I left my problematic job during a bad job market, which greatly stressed me. Mental health is beyond important, but it's also important to have a sense of financial security during these tough times. I also recommend that workers continuously look toward future job opportunities and look at their careers as a staircase.

Persons: —, Basant Shenouda, It's, I've, it's Organizations: Service, Business, Big Tech Locations: Dublin

☆ Fewer students are graduating from college, but certificate programs are way up
▼ + stars: | 2024-04-12 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

PhotoAlto/Dinoco GrecoGetting a college degree seems increasingly less appealing. College degree earners fall nearly 3%Community college pathway is 'at risk'Historically, a two-year degree was considered an economical alternative to a bachelor's, or even a more affordable pathway to a four-year college. In fact, just 16% of all community college students ultimately attain a bachelor's degree, according to recent reports by the Community College Research Center at Columbia University, the Aspen Institute College Excellence Program and the National Student Clearinghouse Research Center. Community college as a stepping stone is "at risk," Shapiro said, and "that's very bad news." Submitting a FAFSA is also one of the best predictors of whether a high school senior will go on to college, according to the National College Attainment Network.

Persons: Shapiro, Joe Biden, it's, Sandy Baum, Baum Organizations: Community College Research Center, Columbia University, Aspen Institute College Excellence, Student Clearinghouse Research, Community, Federal, National College, Network, Seniors, U.S . Department of Education, Education, Urban Institute

☆ More students are dropping out of college — here's why
▼ + stars: | 2024-04-03 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Although college enrollment declines leveled off this year, the number of students who started but then withdrew has been on the rise, according to the National Student Clearinghouse Research Center. At the same time, roughly 26% of current undergraduates have seriously considered leaving college or are at risk of dismissal, according to a separate report by education lender Sallie Mae. "We need more support for early college planning, especially for first-generation students or those from underserved communities," said Rick Castellano, a spokesperson for Sallie Mae. Among students who are considering putting their education on hold, most said it was due to financial concerns. Others cite a loss of motivation or life change followed by mental health challenges, Sallie Mae found.

Persons: Sallie Mae, Rick Castellano Organizations: Student Clearinghouse Research

☆ I grew up trying to win my parents' approval. I ended up getting a Ph.D., but it was solo travel that changed my life.
▼ + stars: | 2024-03-15 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +5 min

I traveled solo after breaking off my engagementApart from visiting family in China — my last trip to Beijing was in 2018 — I hadn't traveled solo until last year. Last year, I decided to try something I'd never done before, which was to travel solo internationally. I began documenting my solo travel on TikTok and Instagram. I found it easy to connect with people abroadI started my journey with a solo trip to Denmark and Sweden in November. A month later, I embarked on a monthlong solo trip traveling to eight cities in Italy, France, Germany, Switzerland, and Vatican City.

Persons: —, Angela, I've, I'm, hadn't, @realphdfoodie, I'd, It's Organizations: Service, Business, San, San Francisco Bay Area Locations: Europe, Beijing, Florida , Texas, Southern California, San Francisco Bay, Bay, China, Copenhagen, Denmark, Sweden, Italy, France, Germany, Switzerland, Vatican City, Iceland, Rome

☆ I lived in Finland for 3 years. Even as an international student, I got a taste of why it's the happiest country in the world.
▼ + stars: | 2024-03-11 | by ( Mahmudul Islam | ) www.businessinsider.com time to read: +4 min

Finland has a reputation for being the happiest country in the world. AdvertisementFinland has been dubbed the world's happiest country for six consecutive years by the World Happiness Report. But happiness in Finland doesn't mean everyone is smiling from ear to ear or that there's a carnival atmosphere on every street. The holy grail of going to school in Finland was receiving free educationI loved my time living and going to school in Finland. AdvertisementBecause of this support from public institutions, Finns enjoy free healthcare and free education from elementary school through university, among other benefits.

Persons: — Organizations: Service, Nordic, EU Locations: Finland

☆ What dream job? Gen Z and millennials are being forced to confront a difficult job market.
▼ + stars: | 2024-03-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

The unemployment rate rose to 3.9% last month, the highest level in two years. AdvertisementGen Z and millennials entering the job market or in the early stages of their careers are facing a much tougher job market than in recent years, and many are adjusting their expectations for a dream career as the hiring landscape worsens. Despair about the ailing job market looks most acute among recent graduates, or students quickly approaching their graduation dates. AdvertisementOnly 44% of workers under 30 said they were "very satisfied" with their job, according to a 2023 Pew Research study. The job market boomed during the pandemic, with the unemployment rate going from 6.4% at the beginning of 2021 to 3.5% at the end of 2022.

Persons: Z, —, Gen Zers, Harry Holzer, Natasha Bernfeld, Bernfeld, Larry Jackson, he's, they've, Jackson, Emily Bianchi, Bianchi, it's, Georgetown's Holzer, It's, Dua Organizations: Service, Federal Reserve, Challenger, McKinsey & Company, Labor Department, UC Berkeley's, Pew, Emory University Locations: Georgetown, New York, Dua

☆ I bought my first house in rural Scotland at 22. Housing is affordable in the countryside and I love it here.
▼ + stars: | 2024-03-06 | by ( Gouri Sharma | ) www.businessinsider.com time to read: +6 min

She bought a house in the Scottish countryside after graduating from university in Glasgow. AdvertisementThis as-told-to essay is based on a conversation with Simran Kaur, a 22 year-old tax associate living in Kilmarnock, Scotland. Four years later, I've graduated, landed a good job at an internationally renowned firm and bought my first house here. So, I started looking into both my home and job options. AdvertisementI chose Kilmarnock because house prices are affordable, and it is easy to commute to work and reach my relatives.

Persons: Simran Kaur, Kaur, —, I've, Ernst, Young, PWC, I'd Organizations: PwC, Service, Glasgow University, Motherwell, Kilmarnock Locations: India, Scotland, Scottish, Glasgow, Kilmarnock, Punjab, North India, Prestwick, Loch Lomond

☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ Transferring from community college to a four-year school isn't often successful — it's 'terribly unfortunate,' expert says
▼ + stars: | 2024-02-13 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Going to community college and then transferring to a four-year school is often considered one of the best ways to get a degree for significantly less money. More students are choosing community college at the outset. Enrollment last fall at community colleges rose 2.6%, far more than any other institution type, according to the National Student Clearinghouse's latest research. However, nationwide, only about one third of students who start at community colleges ultimately transfer to four-year schools, and fewer than half of those transfer students earn a bachelor's degree within six years. That means just 16% of all community college students attain a bachelor's degree, according to recent reports by the Community College Research Center at Columbia University, the Aspen Institute College Excellence Program and the National Student Clearinghouse Research Center.

Persons: Josh Wyner, Tatiana Velasco, Rodriguez Organizations: National, Community College Research Center, Columbia University, Aspen Institute College Excellence, Student Clearinghouse Research, Finance, Biden, Aspen Institute College

☆ How Supreme Court affirmative action decision is impacting college applicants. 'The barriers are already so high,' one legal expert says
▼ + stars: | 2024-02-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

The percentage of first-year applicants identifying as Black or Latino jumped 12% and 13%, respectively, year over year, outpacing other groups. At the same time, colleges are seeing an increase in first-generation applicants and international students, the Common App found. The financial aid factorFor many families, the price tag is the most significant sticking point when it comes to college access. Black households also tend to borrow more than households to finance a higher education. And because of historic racial and economic inequities, Black student loan borrowers struggle to repay their debt more than their white peers.

Persons: it's, Cara McClellan, Biden, Bryan Cook, Cook, Elise Colin, Colin, McClellan, Wells Organizations: Racial, Civil Justice Clinic, University of Pennsylvania Carey Law School, Finance, Urban Institute, Urban, University of California, University of Michigan, Federal Student Aid Locations: Wells Fargo

☆ College enrollment picks up for the first time in over a decade — but student loan debt is still a major sticking point
▼ + stars: | 2024-01-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

For the first time in over a decade, more students are choosing to go to college. Undergraduate enrollment rose 1.2% in the fall of 2023 compared with one year earlier — a gain of roughly 176,000 students, according to the National Student Clearinghouse's latest research. "The number of students in college has finally turned the corner after years of decline," said Doug Shapiro, executive director of the National Student Clearinghouse Research Center. "Students have been increasingly opting for shorter term degrees and more vocational programs and vocational certificates," he added — at the expense of a four-year degree. "We have more families asking about pre-professional programs," Greenberg said.

Persons: Doug Shapiro, Z, Biden, Shapiro, Eric Greenberg, Greenberg Organizations: National, Student Clearinghouse Research, Finance, Greenberg Educational Group Locations: New York

He said that the international students program has been exploited by institutions offering “sham” degrees, putting pressure on housing and health care. The total number of foreign students is more than three times what it was a decade ago. The immigration minister said that there are unscrupulous schools that accept high tuition fees from foreign students without offering a solid education in return. In some cases, the schools are a way into Canada for students who can parlay their visas into permanent residencies. Admitting fewer foreign students during the next two years can’t solve the crisis on its own,” said Daniel Béland, a political science professor at McGill University in Montreal.

Persons: Marc Miller, “, ” Miller, Justin Trudeau’s, Miller, doesn’t, Pierre Poilievre, Trudeau, ”, Daniel Béland, It’s Organizations: TORONTO, —, Monday, Immigration, Conservative Party of Canada, McGill University Locations: — Canada, Montreal, Canada, Quebec

☆ Trudeau Meets to Rally Ministers, Lawmakers Around Key Issues as Reelection Support Sags
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

Conservative leader Pierre Poilievre would clobber Trudeau if an election were held today, according to an Angus Reid Institute poll published on Monday. Fewer than three-in-five (57%) of those who voted Liberal in 2021 say they would do so again, the pollster said. "This cabinet retreat is focused on issues as important as housing affordability and housing accessibility," Public Safety Minister Dominic LeBlanc told reporters late on Sunday. While president, Trump forced the renegotiation of the North American trade pact, a vital agreement for the Canadian economy. Last week, Trudeau said a second Trump presidency would be challenging and would reflect "a lot of anguish and fury."

Persons: Steve Scherer OTTAWA, Justin Trudeau, Pierre Poilievre, clobber Trudeau, Angus Reid, Marc Miller, Dominic LeBlanc, Anita Anand, Donald Trump, Trump, Francois, Philippe Champagne, We've, Champagne, Trudeau, Steve Scherer, Bill Berkrot Organizations: Canadian, Conservative, Angus, Angus Reid Institute, Liberal, Public, North, Industry, Trump Locations: Montreal, Ottawa, United States, North American, U.S, Canada

☆ Now hiring: ‘New-collar’ workers, no degree necessary
▼ + stars: | 2024-01-17 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

The labor market may be cooling but there are opportunities ahead, especially for new-collar workers. So called "new-collar" jobs typically require highly skilled workers and often come with salaries in the top half of the U.S. wage scale — but they don't require a college degree. "New-collar jobs may not require a traditional college degree," she wrote in 2016. Federal data also shows that trade school students are more likely to be employed after school than their degree-seeking counterparts — and much more likely to work in a job related to their field of study. What's more, a growing number of companies, including many in tech, recently decided to drop degree requirements for middle-skill and higher-skill roles.

Persons: Ginni Rometty, Doug Shapiro Organizations: IBM, Finance, Student Clearinghouse Research

NEW YORK (AP) — Student and legal advocacy groups are petitioning the U.S. Department of Agriculture to lift the interview requirement for Supplemental Nutrition Assistance Program (SNAP) applicants to receive food aid. The groups argue the interview requirement is burdensome and prevents those who qualify for food aid from receiving it. Political Cartoons View All 253 ImagesEligible households next receive a notice indicating their certification period, or how long they'll receive SNAP benefits. But interviews are not mandated by the federal statute governing the SNAP program, the organizations petitioning the government note. A 2021 review of enrollment data in California found that 31% of SNAP applicants in Los Angeles County were denied SNAP due to missing their interview, compared to just 6% who were denied for failing to meet eligibility requirements.

Persons: Aviana Kimani, Kimani, it’s, ” Kimani, “, you’re, Allan Rodriguez, Ty Jones Cox, ”, Aaron Ament, Charles Schwab Organizations: U.S . Department of Agriculture, Nutrition Assistance, SNAP, Student Legal Defense Network, Center for Law, Social, California, Aid, Department of Agriculture, West Los Angeles College, Agriculture Department, Center for Budget, Student, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: California, Los Angeles County

☆ For Some Young People, a College Degree Is Not Worth the Debt
▼ + stars: | 2024-01-13 | by ( Emily Withnall | ) www.nytimes.com time to read: +1 min

By researching Parent PLUS loans, I learned that the parent alone carries the debt, there are fewer forgiveness options than other federal student loans and the loans carry a current interest rate of 8.05 percent. So instead of taking out Parent PLUS loans, I secured a private loan with a much lower interest rate through my credit union. I did my best to alleviate their worries, but my own student loan debt wasn’t reassuring. Because of the combined costs of tuition and living expenses, some young people have opted to delay, drop out of or forgo attending college altogether to avoid student debt that could hang over them for decades. In addition, the share of students who left college without a degree rose to 40.4 million as of July 2021.

Persons: Alex Organizations: Parent

The results of the Program for International Student Assessment – the first assessment to examine the academic progress of students in math, reading and science in dozens of countries since the outset of the pandemic – marked historic setbacks for children globally. Students hadn’t recorded a change of more than five points in either subject since the exam was first administered in 2000. The COVID-era setbacks spared none, affecting wealthy countries and poor countries and even those long recognized as academic powerhouses. The slumping scores among American students largely mirror results seen on national assessments in recent years. “At an extremely tough time in education, the United States moved up in the world rankings in reading, math, and science – all three categories PISA measures – while, unfortunately, many other countries saw declines.”

Persons: ”, Peggy Carr, hadn’t, Jordan, ” Carr, Miguel Cardona, Donald Trump, “, ” Cardona Organizations: Program, National Center for Education Statistics, U.S . Education Department, “, Organization for Economic Cooperation, Development, Education, Republican Party Locations: U.S, PISA, Albania, Iceland, Norway, Finland, Poland, Singapore, Japan, China, Estonia, Canada, Ireland, United States, –

Released Tuesday, it finds the average international math score fell by the equivalent of three-quarters of a year of learning. Reading scores fell by the equivalent of half a year. Reading scores fell by 10 points. A national study in the U.S. last year found math scores fell by more than ever, with reading scores dropping to 1992 levels. It was joined in the upper echelons by other East Asian countries including Japan and China.

Persons: ”, Peggy Carr, “, didn’t, Jordan, Miguel Cardona, Joe Biden’s Organizations: WASHINGTON, —, Program, Organisation for Economic Co, OECD, Reading, National Center for Education Statistics, U.S . Education Department, Associated Press, Carnegie Corporation of New, AP Locations: United States, Germany, Iceland, Netherlands, U.S, Belgium, Finland, Canada, France, Sweden, Brazil, Ireland, Singapore, Japan, China, Estonia, Albania, Norway, Saudi Arabia, Dominican Republic, Cambodia, Carnegie Corporation of New York

☆ With or without loan forgiveness, fewer students are enrolling in college, questioning the return on investment
▼ + stars: | 2023-12-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Hero Images | Hero Images | Getty ImagesEven before the Supreme Court blocked President Joe Biden's plan to forgive student debt, fewer students were enrolling in college. But this fall, freshman enrollment continued its slide, sinking 3.6%, according to the National Student Clearinghouse Research Center. "This is more bad news for four-year colleges," said Doug Shapiro, the National Student Clearinghouse Research Center's executive director. Rising college costs and ballooning student debt balances have caused more students to question the return on investment. But increasingly, borrowers are struggling under the weight of education debt, which today totals more than $1.7 trillion.

Persons: Joe Biden's, Rick Castellano, Sallie Mae, Doug Shapiro, Shapiro Organizations: Nationwide, Student Clearinghouse Research, Clearinghouse Research, Student, Research, Lumina, Gallup

☆ Millennials and Gen Z are driving demand for experiences. It could be a great industry to stake your career on.
▼ + stars: | 2023-11-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Cooks at restaurants are expected to increase 20% between 2022 and 2032. Employment is expected to grow from 1.36 million in 2022 to 1.64 million in 2032, which represents an over 20% increase. As of May 2022, restaurant cooks make about $34,000 a year, or $16.40 an hour. Hawaii, Rhode Island, and Nevada have the largest concentration of restaurant cooks, while the Northeast and West Coast have the highest average salaries. However, the number of fast food cooks is projected to fall by over 101,000 by 2032 as fast food establishments continue to reduce staff or close locations.

Persons: —, Disney, Bruce Grindy, Grindy, It's, there's Organizations: Service, Employment, Restaurant Industry, National Restaurant Association, Student, Entertainment, BLS Locations: Hawaii , Rhode Island, Nevada, Northeast, West Coast, United States

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