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☆ The jobs where you don't need a bachelor's degree
▼ + stars: | 2024-02-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Project management saw its share of postings noting a bachelor's or higher slip from January 2019. "I think that points towards some of that potential for skills-first hiring to maybe even impact some of those knowledge worker type of sectors," Stahle said. The new Indeed report noted sectors with big percentage point declines over the last few years for mentions of bachelor's degree or higher in postings. AdvertisementStahle pointed out to BI that software development also saw the share of postings noting a bachelor's or higher fall amid tech layoffs. "It's interesting that the layoffs have happened, but many of the tech employers have still continued to cut in their other job postings," Stahle said.

Persons: —, Cory Stahle, Stahle, we've, they're, isn't, it's Organizations: Service, Business, Employers, Bureau of Labor Statistics

☆ Fewer jobs require a college degree. Here's what employers are looking for instead.
▼ + stars: | 2024-02-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

That's according to a new report from career-site Indeed analyzing educational requirements in US job postings since January 2019. As employers shift from formal educational requirements to skills-first hiring, job seekers might want to think about their skills. Even with a shift away from college degree requirements, there could be assumed credentials and levels of education, per the new report. "There's a lot of sectors where it's really common for jobs to not include any educational requirements whatsoever," Stahle said. Controlling for occupational mix, the percentage of job postings that require a college degree has only fallen by 3.6 percent over that period."

Persons: —, Cory Stahle, Stahle, haven't, it's, there's, Raman, we've, they're Organizations: Service, Business, Labor, Delta Air Lines, IBM, BI, Burning Glass Institute, Harvard Business School, LinkedIn, Employers

☆ Job Market Reality: You Still Need a College Degree to Land a Good Gig
▼ + stars: | 2024-02-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Employers are increasingly saying you don't need a college degree to get hired, but secretly, you still kind of do. During the same period, the share of job postings asking for a college degree or higher fell to 17.8% from 20.4%. In 2023, The New York Times' editorial board applauded various efforts in the public and private sectors to ax degree requirements for jobs. Having inflated degree requirements perpetuates the cycle of inequities in the workforce." A move toward skills-based hiring is a good thing socially, economically, and practically.

Persons: George Floyd's, didn't, It's, Matt Sigelman, Cory Stahle, would've, you've Organizations: aren't, The New York Times, Carlton, Harvard Business School, Glass, Apple, Walmart, ExxonMobil, Glass Institute, Employers

☆ Why is it so hard to find a job right now despite low unemployment?
▼ + stars: | 2024-02-02 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Vargas, a special education instructor, has been mired for months in various stages of interviews for three teaching jobs. Employers' hiring rate fell sharply in 2023, Zhao said. They'll often toss out some number around 40, he told BI. AdvertisementHitting the numbers on job applications is also a priority for Kevin Cash, who previously told BI he's applied to more than 1,200 jobs and has mostly been ghosted. She's accepted a part-time job and plans to teach private classes for students learning English as a second language.

Persons: —, Lynne Vargas, Vargas, Daniel Zhao, Cory Stahle, Zhao, Josh Bersin, Debbie Lovich, Lovich, Royal Siu, They'll, Siu, it's, Kevin Cash, They're, Jeff Calnan, Indeed's Stahle, Stahle, She's Organizations: Service, Business, Employers, Federal, BI, Boston Consulting Group, Navy, US Air Force Locations: Middletown , New York, Seattle, Woburn , Massachusetts

☆ The Fed's first big move of 2024 isn't an interest rate cut — but that relief could come soon
▼ + stars: | 2024-01-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The nation's central bank started off the new year as it closed out the last: no change to interest rates. On Wednesday, the Federal Open Market Committee announced it would continue its pause on interest rate increases, falling in line with economists' and market watchers' predictions. Still, the FOMC's December Summary of Economic Projections penciled in three interest rate cuts for 2024, suggesting the central bank is anticipating relief at some point this year. AdvertisementAs to how soon a rate cut might come, it's still unclear. But overall, she's optimistic about 2024 and thinks it's "going to be a very good economic year."

Persons: Cory Stahle, Stahle, Jerome Powell, Powell, it's, Sen, Elizabeth Warren, Janet Yellen, Yellen Organizations: Service, Federal, Market Committee, Federal Reserve, Business, Labor Statistics, Democratic, ABC

☆ Here’s how rising pay transparency is causing an employer compensation information ‘arms race’
▼ + stars: | 2023-11-06 | by ( Jared Mitovich | ) www.cnbc.com time to read: +1 min

Rising pay transparency is causing a new kind of competition among employers — and it's not necessarily for talent. Instead, the shift in employers opting to share salaries on job listings has sparked an "arms race" for better starting pay and other benefits, Julia Pollak, chief economist at ZipRecruiter, told CNBC. And more employers are also including a range of non-cash benefits, perks and flexibility options in their job postings, according to a recent ZipRecruiter survey on pay transparency. "We've seen a pretty dramatic uptick in the number of employers who are actually even including wages on our job postings," Stahle said. In addition, the tight labor market and pay transparency are acting as dual forces — with employers posting wages and benefits up front as a way to attract workers who have been difficult to draw in.

Persons: —, it's, Julia Pollak, Gen Z, Cory Stahle, Stahle Organizations: CNBC, Finance Locations: California, Colorado, Washington

☆ There's a 'radically different' wage growth forecast in 2024, says economist. What that means for you
▼ + stars: | 2023-10-30 | by ( Jared Mitovich | ) www.cnbc.com time to read: +4 min

In June, employers surveyed by consulting firm WTW said they were planning to increase salaries by about 4% in 2024, compared to 4.6% in 2023. Wage growth has 'come down pretty steadily'Employees are entering a tighter job market, which has affected wage predictions, said Terrazas. "We should expect less turnover to continue to tamp down wage growth in coming months," according to the report. At the current rate, Indeed's tracker forecasts posted wage growth to reach the 2019 average of 3.1% in late 2023 or early 2024. Wage growth has "come down pretty steadily" since that pandemic high, Indeed economist Cory Stahle said.

Persons: Scott Dalton, WTW, Mercer, LaCinda Glover, —, Cory Stahle, they've, Julia Pollak, Terrazas, Pollak Organizations: Workers, Bloomberg, Getty, Mercer, Employees Locations: Columbus , Texas

☆ Schools, hospitals, and construction: These are the jobs with labor shortages that could stick around for years
▼ + stars: | 2023-10-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Labor shortages in healthcare, education, and other fields aren't going away soon. Childcare and skilled trades may also see labor shortages stick around. "For economists, labor shortages are these longer term, enduring structural shortages where labor supply is not able to adapt to changes in demand," Aaron Terrazas, chief economist at Glassdoor, told Insider. Indeed economist Cory Stahle pointed to overlooked talent pools as a way to address labor shortages. AdvertisementAdvertisementBelow are some of the kinds of work and industries where there may be labor shortages long term.

Persons: —, Aaron Terrazas, Julia Pollak, ZipRecruiter, Pollak, it's, isn't, Terrazas, Cory Stahle, Stahle Organizations: Service, Pew Research Center, of Labor Statistics

☆ If you have one of these 10 jobs, AI has some of the skills to replace you
▼ + stars: | 2023-09-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Here are 10 popular jobs with skills most replicable by AI, according to ChatGPT itself. The jobs site Indeed analyzed GPT-4's ability to perform skills required for these common jobs. About 20% of jobs were highly exposed — meaning the AI could perform at least 80% of the skills. The main takeaway: Some theoretical AI skills don't translate well when it comes to actually doing a job. AdvertisementAdvertisementAmong the 25 most common jobs, here are the 10 roles that were most exposed to generative AI, per Indeed.

Persons: Cory Stahle, Stahle, Sam Altman, GPT, ChatGPT, it's Organizations: Service Locations: ChatGPT, Wall, Silicon

☆ Pay secrecy norms have ‘simply lost their teeth,’ say experts. Here's why
▼ + stars: | 2023-09-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Westend61 | Westend61 | Getty ImagesNew York just adopted a pay transparency ruleNew York on Sunday became the latest state to adopt a pay transparency law. The pay transparency movement is relatively new. Fifty-six percent are more likely to apply for a company — even if they don't recognize the company name — if the salary range is listed, Indeed found. For one, pay transparency may lower overall wages of the broader population of employees, even while raising them for the "inequitably underpaid," Obloj and Zenger said. 'There's still plenty to negotiate' beyond salaryOf course, applicants aren't necessarily beholden to the salary or the pay range posted on a job ad, Woodruff-Santos said.

Persons: NCSL, Salary.com, Zenger, Mandi Woodruff, Santos, Woodruff, you've, they've, there's Organizations: Westend61, Getty, Sunday, Employers, National Conference of State Legislatures, National Women's Law Locations: York, California , Colorado, Washington, New York City, Colorado, Ithaca, Albany, Westchester, New York, Jersey, New Jersey, Cincinnati, Toledo, Ohio ; Maryland ; Connecticut, Rhode, Nevada

☆ US annual inflation posts smallest rise in more than two years
▼ + stars: | 2023-07-28 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

The personal consumption expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said. Excluding the volatile food and energy components, the PCE price index gained 0.2% after rising 0.3% in the prior month. That lowered the year-on-year increase in the so-called core PCE price index to 4.1%, the smallest advance since September 2021. The annual core PCE price index climbed 4.6% in May. Line chart with data from the Bureau of Economic Analysis and Federal Reserve shows PCE inflation slowed to 3% year-on-year in June, while core PCE inflation also eased to 4.2%.

Persons: Christopher Rupkey, Cory Stahle, Ellen Zentner, Morgan Stanley, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Labor, Federal Reserve, Fed, Commerce Department, Reuters, Treasury, Labor Department, Employers, Thomson Locations: WASHINGTON, New York, U.S, Ukraine, Salt Lake City , Utah

☆ Job seekers are still intrigued by the tech industry, even after layoffs and the threat of AI
▼ + stars: | 2023-07-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

However, many job seekers are still intrigued by this work — at least based on those searching for roles related to software development. Pay could be a reason why job seekers are thinking about positions related to software development. Job seekers eager to check out tech roles seem to be brushing aside the decline in postings, recent attrition, and concerns about the future of AI in the sector. "I think that there's, amongst many job seekers, an expectation that software jobs are going to continue to be a good, high-paying occupation," Stahle said. "And as far as things like AI go, there's still kind of a lot to see as to the way that that's going to unfold.

Persons: Cory Stahle, switchers, it's, Stahle, Job, there's, that's Organizations: Service, of Labor Statistics, Bureau of Labor Statistics Locations: Wall, Silicon, —

☆ If you'd rather quit your job than return to the office, there are still plenty of remote opportunities out there
▼ + stars: | 2023-06-29 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Is it still safe to quit your job simply because you don't want to return to the office? The job market is still strong and offers a higher share of remote job postings than pre-pandemicData from the Bureau of Labor Statistics, or BLS, shows the labor market is still robust. Cory Stahle, an Indeed economist, noted at a press event last week that "remote work is something that is here to stay." Even Indeed renamed its Remote Job Tracker given the demand for hybrid employees, noting as hybrid "work arrangements emerge as a primary modality of flexible work — which itself is a topic of growing interest to job seekers, employers and policymakers alike — we are updating and renaming the Remote Tracker to the Remote & Hybrid Job Tracker." Did you quit your job after being told to return to the office?

Persons: there's, —, Insider's Juliana Kaplan, She's, Bonnie Chiurazzi, Chiurazzi, Lab's Daniel Culbertson, Culbertson, Cory Stahle, Stahle, Dawn Fay, Robert Half, Fay Organizations: Service, ADP Research Institute, Bureau of Labor Statistics, Labor, Survey Locations: North America

☆ It's the perfect time to find a new job — but don't wait because the window will close this year
▼ + stars: | 2023-02-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

It's still a good time to apply and get a job according to labor market data, survey results, and experts. "The best job seeker's market in over 50 years"According to Julia Pollak, chief economist at ZipRecruiter, now is a great time to find a job. "If I was a job seeker I would think this is still a job seekers' labor market," Nick Bunker, economic research director for North America at Indeed Hiring Lab, told Insider. But this is still very much a labor market that's giving lots of advantages to people who are looking for new work." Despite the strong labor market, some workers out of work or impacted by recent layoff announcements may have a hard time finding a job soon.

☆ It's great timing for the US's first immigration boost in years — but experts say Biden needs to reverse more Trump-era policies for the economy to feel the maximum effect
▼ + stars: | 2023-01-28 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com time to read: +8 min

While net international migration in 2022 wasn't as high as in 2016 — the high point for immigration between 2010 to 2022 — it's still the highest since 2017. Additionally, the authors note that 2022 is the "first time net international migration increased since 2016." The US would have had about two million more immigrants if not for those policies, Insider estimated based on the average growth rate from 2011 to 2016 for net international migration. According to Peri, "the number of immigrants who can come in legally is constrained" by laws and procedures that haven't really changed. Since entering office, President Joe Biden has reversed a number of Trump's restrictive immigration policies, although a number of them are still in place.

☆ Amid an uncertain economy, American workers are guardedly optimistic about the job market
▼ + stars: | 2023-01-22 | by ( Madison Hoff | Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Despite economic uncertainty, US workers are confident about the job market, LinkedIn data suggests. The findings point to American workers' resilience, nearly three years since the pandemic began. A recent LinkedIn survey of more than 2,000 US employees conducted in December offers fresh insight into how workers feel about the job market in 2023. Roughly two-thirds of American workers are considering changing jobs this year, mainly to boost their salary and improve their work-life balance, according to the results. At a time when many organizations remain desperate to hire and keep employees, American workers have seen their leverage in the job market grow.

☆ One chart shows that a much-feared wave of mass layoffs has yet to crash into the US economy
▼ + stars: | 2023-01-19 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Despite widely-covered job cuts at some big companies, mass layoffs have yet to emerge in the broader economy. The Department of Labor data shows that there hasn't been a large climb in US initial jobless claims. Instead, seasonally adjusted claims have been relatively low week after week, unlike back in March 2020 when claims soared and peaked in early April. That strongly suggests that the overall US economy isn't seeing the kind of large-scale layoffs that typically mark a recession. And data from the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) program also shows shows layoffs in the US have been low.

☆ Your job is probably safe, even in a recession. Employees are going to have the upper hand for years.
▼ + stars: | 2022-12-04 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Declining immigration and an aging population could cause the labor shortage to continue in the years ahead. And the labor shortage may only get worse in the years ahead. Those slowdowns have already contributed to the current labor shortage, and will continue to do so for years to come. "But it's happening very slowly, and I don't think it explains what is particularly going on in the labor market right now." A steady decline in the US' working age population might not only create problems for businesses looking to grow.

☆ Cooling job market doesn't take the heat off the holiday hiring spree
▼ + stars: | 2022-11-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +7 min

Retailers are entering the holiday season amid a swirl of mixed economic signals. That leaves companies expecting another busy shopping season as they continue to grapple with a competitive job market. Before the holiday hiring rush, retailers were already looking to fill 800,000 open positions, according to the retail federation. There are some signs though that the labor market is starting to shift in employers' favor. "This speed is imperative during holiday hiring," John Patterson, Macy’s vice president of talent, said in an email.

☆ Searches for seasonal jobs are up 33%—but stores like Walmart and Macy's are pulling back on hiring
▼ + stars: | 2022-10-27 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

Searches for seasonal jobs jumped 33% in September compared the previous year, according to an Indeed study published earlier this month. But employer demand for seasonal workers dropped 8.2% in the same time period, meaning more workers could be competing for fewer roles. Despite fewer job postings this year compared to 2021, Indeed still found more seasonal job listings than in 2019 and 2020. Walmart and Macy's are among several major retailers that have announced major cuts to their seasonal hiring target numbers. Also in September, Macy's announced it would hire more than 41,000 seasonal workers, compared to the 48,000 seasonal positions it planned for in 2021.

☆ 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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