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☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

☆ Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research
▼ + stars: | 2024-03-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Salaries for fully in-office roles are climbing in the United States. As of March 2024, hybrid roles pay $59,992 on average, in 2023, that number was $54,034, ZipRecruiter reports. Remote jobs now pay $75,327, but in 2023, they paid an average $69,107. Given how competitive the job market has been in recent months — especially for remote roles — Bui says it's a "fair trade-off." It's too soon to tell if higher salaries will be enough to convince people to choose an in-office job over a remote offer.

Persons: switchers, Johnny Bui, Bui, — Bui, it's, Julia Pollak, ZipRecruiter's, Pollak, It's Organizations: United States . Companies, CNBC, Visa, LinkedIn, Employees, Owl Labs, Employers Locations: United States, U.S, Austin , Texas

☆ Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +12 min

Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."

Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, —, Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California

☆ Jobs report Friday is expected to show a slowing but still healthy labor market
▼ + stars: | 2024-03-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

If the forecast is close to accurate, it would mark a considerable downshift from January's explosive growth of 353,000, but still representative of a fairly vibrant labor market. "This is kind of a cautious labor market. ZipRecruiter's quarterly job-seeker survey showed expectations for the medium-term outlook hitting a series high, while applicants also indicated stronger levels of confidence in their financial wellbeing and current state of the labor market. A jobs market that remains red-hot could deter the Federal Reserve from cutting interest rates this year as expected. In its most recent survey of economic conditions, the Fed found that the ultra-tight labor market has loosened somewhat, but there are still active pockets.

Persons: Spencer Platt, Dow, Julia Pollak, they're, Pollak, Raphael Bostic, they've, Tom Gimbel, Jerome Powell, Gimbel Organizations: Chelsea Market, Getty, Labor Department, Dow Jones, Employers, Federal Reserve, Atlanta Fed, Challenger, Labor, Survey, LaSalle Network, Big Tech Locations: Manhattan, New York City, U.S, Covid

☆ The economy is roaring. So why do we keep hearing about layoffs?
▼ + stars: | 2024-01-31 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Los Angeles Times, eBay, and UPS are three companies that have made recent layoff announcements. Despite cuts at big household names, the nation's layoffs and discharges rate has been steadily low. AdvertisementEmployees at the Los Angeles Times, eBay , Microsoft , and UPS are some of the workers impacted by recent layoff announcements in January. That sector had a layoffs and discharges rate of 0.8% in December, which is actually a small dip from the 0.9% in November. Zhao noted that "the scale here" means that this number probably isn't really going to change because of the recent layoff announcements.

Persons: —, Nick Bunker, Bunker, Julia Pollak, ZipRecruiter's, Daniel Zhao, Glassdoor, Zhao, that's, Kory Kantenga, isn't Organizations: Los Angeles Times, eBay, UPS, Service, Microsoft, Bureau of Labor Statistics, North America, Labor, LinkedIn

☆ Unemployment among Hispanic workers rises at faster pace in October than overall rate
▼ + stars: | 2023-11-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Spencer Platt | Getty Images News | Getty ImagesThe labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.', according to data released Friday by the Department of Labor. The overall unemployment rate rose 0.1% to 3.9% last month, the highest level since January 2022, against expectations that it would hold steady at 3.8%. Among Hispanic Americans, the jobless rate rose 0.2% to 4.8%. Black and Hispanic Americans were hit particularly hard by the business shutdowns in the depths of the Covid pandemic, with unemployment rate for Black workers peaking at 16.8% in 2020 and Hispanic jobless rate surging as high as 18.8%. The overall unemployment rate hit a high of 14.7% in April 2020.

Persons: Spencer Platt, Julia Pollak, ZipRecruiter's Organizations: NEW, Getty, U.S, Department of Labor, CNBC Locations: Manhattan, New York City, America

☆ The 3 in-demand soft skills candidates are 'most lacking in,' according to ZipRecruiter
▼ + stars: | 2023-10-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Hiring managers are less and less impressed by where you went to college — or if you have a four-year degree at all. Nearly half — 45% — of companies have dropped degree requirements for some roles this year, according to new research from ZipRecruiter, which surveyed more than 2,000 U.S. employers. Instead, companies are prioritizing skills over education: 42% of companies are now explicitly using skills-related metrics to find candidates, LinkedIn told CNBC Make It in June, up 12% from a year earlier. "Employers have the perception that younger generations are no longer picking up these important soft skills at school or at college," she explains. Between 2021 and 2022, when companies were desperate to fill vacancies, many lowered their recruiting standards, hiring more "novice employees" lacking these important soft skills, says Pollak.

Persons: Julia Pollak, Marissa Morrison, Morrison, Pollak, Gen, Amanda Augustine, you've, Augustine Organizations: CNBC, Harvard Business, Glass Institute, Employers, Society for Human Resource Management, Global Locations: ZipRecruiter

☆ Americans are flocking to Mexico City where rent is cheaper and life is more laid-back—for locals, it’s complicated
▼ + stars: | 2023-10-12 | by ( Celia Fernandez Tasia Jensen Beatriz Bajuelos Castillo | Celia Fernandez | Tasia Jensen | ) www.cnbc.com time to read: +18 min

Moran moved to Mexico City in 2019 and is now a permanent resident and lives with Dai, her Mexican boyfriend. "When North Americans come to Mexico, especially to Mexico City, they do not come for survival reasons," Osorno says. Alberto Martinez believes that the Mexican government needs to come up with a way to control rent prices in Mexico City. In 2022, the Mexico City government partnered with Airbnb to promote the city as a global remote working hub. In 2022, Airbnb and Mexico City announced a partnership that caused an uproar among CDMX locals.

Persons: it's, Gene Kim, Kyla Moran, Moran, Dai, Tasia Jensen, Beatriz Bajuelos, Hutchins, Caitlin Hutchins, Cora, Victor, Adalia, —, Aborisade, Hutchins isn't, I'm, Keith Brown, Brown, George Floyd, There's, doling, I've, Darnell, Tiara Darnell, Guillermo Osorno, Frida Kahlo, Diego Rivera, Leticia Lozano, Lozano, Anais Martinez, Martinez, It's, Leticia Lozano López, Alberto Martinez, Airbnb, Lozano López Organizations: CNBC, Mexico City, Black American, Spanish, U.S, Spotify, National Institute of Statistics, Human Rights, Osorno, Roma, Mexico's Foreign Affairs, New, of Labor Statistics, National Autonomous University of Mexico, The New York Times, Urban Regeneration, MIT, Airbnb, Nurphoto Locations: Mexico City, Mexico's, Ciudad, North America, Mexico, U.S, American, Hutchins, North Carolina, Texas, Mexico City's, United States, Buffalo , New York, Buffalo, Roma Norte, La, Osorno, Tourism Secretarait, Mexican, New York City, —, La Condesa, Airbnb, Latin America, Barcelona, Florence, Congress

☆ A Gen Xer quit his remote job of 20 years when his company called him back to the office. Now he worries he's screwed as remote jobs dwindle nationwide.
▼ + stars: | 2023-09-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A Gen Xer quit his remote job of 20 years after his company ordered him back to the office. He said it's been difficult finding a new remote job even with decades of experience. Remote jobs on ZipRecruiter's platform, which are also narrowing, get nearly three times the number of applicants as in-person roles. He suspected that even though remote work was effective for him, his company wouldn't be making many exceptions. "But I'm just having more trouble than I thought finding a remote job, but I keep trying."

Persons: Xer, it's, —, Mark Yampanis, Yampanis, doesn't, hasn't, wouldn't, didn't, He's, I've Organizations: Service Locations: Berkeley , California, California

☆ This is the best day of the week to apply for a new job, says hiring expert: Be 'the first to apply for the freshest jobs'
▼ + stars: | 2023-08-15 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Applying to a new job can feel like a full-time job itself, so it's important to be strategic about how you pace your search. According to ZipRecruiter's database, which includes 10 million active listings, Tuesday is the best day of the week to apply to a job, when some 22% of new jobs are added to the site. Meanwhile, "Sundays are not the best day to apply for jobs," she says. "You may be missing the opportunity to be among one of the first to apply for the freshest jobs." It's also a good reminder to take breaks during your job search so you don't get burned out: "Let yourself have days where you don't apply for jobs so that you can have that balance in your job search," Morrison says.

Persons: Marissa Morrison, Morrison, It's, Warren Buffett Organizations: CNBC

☆ 10 U.S. cities where job listings have the highest average annual salary—New York isn’t on the list
▼ + stars: | 2023-07-12 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

Job list site ZipRecruiter recently looked at the average annual salaries in hundreds of U.S. cities according to their online job postings between January and June 2023. In fact, ZipRecruiter found that the best cities for salary were fairly spread out throughout the country. "Not all companies post pay," says Julia Pollak, chief economist at ZipRecruiter, about the results. Currently, eight states have laws that require employers to post pay on job listings, including California, Rhode Island and Maryland. Here is ZipRecruiter's list of the top 10 U.S. cities for average annual salary according to job listings, including that average salary.

Persons: ZipRecruiter, Julia Pollak Organizations: New Locations: U.S, New York, Los Angeles, California, Rhode Island, Maryland, Cincinnati, Jersey City, N.J

☆ Tech roles are still ‘the most in-demand,' says job market expert—but you need these skills to land them
▼ + stars: | 2023-07-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

But fear not, says Richard Wahlquist, chief executive at the American Staffing Association, a trade group that represents staffing companies across industries. "Despite recent headlines involving layoffs at major companies, tech jobs remain among the most in-demand jobs in the labor market," Wahlquist tells CNBC Make It. What has changed about the tech hiring landscape: the jobs are less at Big Tech companies. Instead, tech workers should target their job search at small and medium-sized enterprises, says Wahlquist. Indeed, ZipRecruiter's chief economist Julia Pollak said in February on CNBC's "The Exchange" that even the tech workers who had been laid off found new jobs quickly.

Persons: Richard Wahlquist, Julia Pollak Organizations: American Staffing Association, CNBC, Big Tech Locations: Wahlquist

☆ Construction and manufacturing jobs have been remarkably resilient, says ZipRecruiter's Julia Pollak
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConstruction and manufacturing jobs have been remarkably resilient, says ZipRecruiter's Julia PollakJulia Pollak, ZipRecruiter chief economist, joins 'Fast Money' with the results of ZipRecruiter's 'Q2 New Hire' survey.

Persons: ZipRecruiter's Julia Pollak Julia Pollak, ZipRecruiter Organizations: ZipRecruiter's, Hire

☆ Bosses want people in the office. The class of 2023 is ready.
▼ + stars: | 2023-05-21 | by ( Ethan Dodd | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Surveys show Gen Z and class of 2023 graduates want an in-person experience. In-person work can provide young workers with community, keep them engaged, and enhance their early workplace learning. Not so with Gen Z and the class of 2023. This generation wants the community, learning opportunities, and engagement that in-person work can provide — although some young professionals aren't a fan of in-office roles and prefer remote work. "Especially for new grads, they should balance the flexibility that they have for remote work and finding new opportunities with some of the benefits of in-person work," Pardue said.

☆ Market uncertainty hasn't impacted demand for employees, says ZipRecruiter's Julia Pollack
▼ + stars: | 2023-03-16 | 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 EmailMarket uncertainty hasn't impacted demand for employees, says ZipRecruiter's Julia PollackZipRecruiter Chief Economist Julia Pollack joins 'The Exchange' to discuss an uptick in online job postings, the labor market impact of Silicon Valley Bank's collapse and a pullback in labor demand among enterprise companies.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ Laid off tech workers finding higher paying jobs within months, says ZipRecruiter's Julia Pollak
▼ + stars: | 2023-02-09 | 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 EmailLaid off tech workers finding higher paying jobs within months, says ZipRecruiter's Julia PollakJulia Pollak, ZipRecruiter chief economist, joins 'The Exchange' to discuss the hiring spree in tech despite the massive layoffs affecting the sector.

☆ Laid off from a startup and on an H-1B visa? Here are 3 main things immigrant workers should know, according to experts.
▼ + stars: | 2023-02-08 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

Here are three steps laid off visa holders should take, according to tech industry experts. Though, it appears that laid off immigrant workers are having success finding new roles. Insider spoke with immigration attorneys, venture capitalists, and recruitment experts and compiled the three most important steps laid off H-1B visa holders should take during their 60-day window. Look into other visa categoriesAn attorney can also advise on what other visa categories a worker could be eligible for. "Companies started by immigrant workers employ a lot of immigrant workers too," she said.

☆ This 'serial ghoster' says she cut off contact with a potential employer after checking out the CEO on social media
▼ + stars: | 2023-01-15 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +4 min

One-fifth of workers polled by ZipRecruiter said they ghosted an employer in their latest job hunt. In an October survey by ZipRecruiter, 21.6% of respondents said they'd "ghosted" a prospective employer during their latest job hunt. Before accepting a job, Gray always checks out company reviews on sites like Glassdoor and examines the social-media profiles of the senior-leadership team. Gray once ghosted a prospective employer after an initial interview. She told Insider she's trying to become a "reformed ghoster" and make a conscious effort to offer specific feedback if she felt a prospective employer wasn't the right fit.

☆ Potential employees looking for remote work say they've been targeted by scammers offering them fake jobs: 'They prey on people who are vulnerable'
▼ + stars: | 2023-01-09 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +4 min

Scammers are targeting remote job seekers and luring them into fake jobs. Insider spoke to several people who said they were nearly duped into sending away money, believing it was for at-home work equipment. The business consultant job was high-paying and seemed like the type of role she envisioned amid her career pivot. Insider spoke with several people who told similar stories: A recruiter approached them with the perfect remote job. Reid said she thought the email address looked legitimate, and the job description matched one posted on the company's LinkedIn page.

☆ For employers, the big issue in 2023 is employee experience, says ZipRecruiter's Julia Pollak
▼ + stars: | 2022-12-27 | 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 EmailFor employers, the big issue in 2023 is employee experience, says ZipRecruiter's Julia PollakJulia Pollak, Chief Economist at ZipRecruiter, joins Worldwide Exchange to discuss her predictions for the labor market in 2023.

☆ Silicon Valley's job cuts are everybody else's gain as tech workers find exciting new opportunities outside Big Tech
▼ + stars: | 2022-12-21 | by ( Diamond Naga Siu | Rebecca Knight | ) www.businessinsider.com time to read: +7 min

Recruiters and other experts tell Insider that tech workers are in especially high demand in sectors including insurance, healthcare, retail, government, and banking. As you may expect, the traditional tech industry remains the largest employer of tech workers, the experts say. ZipRecruiter's Pollak said the turmoil in Big Tech was pushing "some tech workers to explore opportunities outside" the usual suspects for the first time. Tech job creation and hiring numbers remain strong, but layoffs keep coming, underscoring a tech labor market in flux. As for how laid-off tech workers ought to position themselves for these jobs, the Hired Guns recruiter Hemming has some advice.

☆ Candidates empowered by labor shortages are ghosting prospective employers. Here's why.
▼ + stars: | 2022-12-19 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +4 min

In an October survey by ZipRecruiter, 21.6% of respondents said they'd "ghosted" a prospective employer during their latest job hunt. Kelly added that he thought labor shortages in both the US and Canada were empowering workers to cut off communication. Before accepting a job, Gray always checks out company reviews on sites like Glassdoor and examines the social-media profiles of the senior-leadership team. Gray once ghosted a prospective employer after an initial interview. She told Insider she's trying to become a "reformed ghoster" and make a conscious effort to offer specific feedback if she felt a prospective employer wasn't the right fit.

☆ All those tech workers who've been laid off this year? New data suggests they're going to be just fine in the job market.
▼ + stars: | 2022-12-13 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

You could do worse than an exit package from Big TechNearly 150,000 tech workers have lost their jobs in 2022, according to the layoff-tracking platform Layoffs.FYI. But tech workers are not likely to be out of a job for long. 'Pent-up demand' for tech workers in healthcare, defense, and bankingMost of the job growth for tech workers is in other industries, the Dice report found. The unemployment rate for the tech industry is hovering around 2%, according to an analysis by CompTIA, an industry association. "The arms race between tech companies on comp and benefits is over."

☆ Workers now have better job security than pre-pandemic, says ZipRecruiter's Julia Pollak
▼ + stars: | 2022-12-08 | 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 EmailWorkers now have better job security than pre-pandemic, says ZipRecruiter's Julia PollakJulia Pollak, Ziprecruiter chief economist, joins 'The Exchange' to discuss the 'white collar' recession and the state of the labor market.

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