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

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

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

☆ What the August jobs report means for the Fed
▼ + stars: | 2023-09-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —The long-robust US job market is continuing to cool, according to several economic indicators released this week. It’s clear the labor market has cooledThere are plenty of signs that the job market has continued to weaken and that momentum is largely expected to continue in the months ahead. The August jobs report showed that average hourly earnings grew at a monthly pace of just 0.2%, or 4.3% annually. “Pretty much everything in the labor market has cooled back to the pre-pandemic temperature,” Julia Pollak, chief economist at ZipRecruiter, told CNN. It’s also possible the job market holds steady if recession fears continue to fade, allowing businesses to address stubborn staffing shortages.

Persons: Jerome Powell, Powell, “, ”, Steve Wyett, ” Julia Pollak, we’ve, Nick Bunker, ” Bunker, It’s, they’ve, ” Pollak Organizations: DC CNN, Federal Reserve, Kansas City, Labor, BOK Financial, Fed, of Labor Statistics, Labor Department, CNN, Commerce Department, US, Banks Locations: Washington, Jackson Hole , Wyoming

☆ The job market enters a new phase as the Great Resignation ends
▼ + stars: | 2023-06-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

Amid a tight labor market, many were also able to find a better job, with better pay. The combination of a tight labor market and structural change from the pandemic catalyzed job reshuffling over the past three years, he said. The BLS shows the rate of job growth is up in the construction, manufacturing, health, education and food services industries. Despite the apparent end of the Great Resignation, the job market continues to hum along; the US economy added 339,000 jobs in May. The fact that quit rates are down indicates that there’s low confidence in the job market,” Kriegel said.

Persons: ”, Nicholas Bloom, that’s, “, Bloom, Nick Bunker, Jessica Kriegel, ” Kriegel, Bunker, “ There’s, there’s, ” Bunker Organizations: Los Angeles CNN, Federal Reserve, Stanford University, Bureau of Labor Statistics bolsters, Labor, BLS, Federal Reserve Bank of, Conference Board, Bed, Stanford, Workers, Gallup, Bank of America, Georgetown University Locations: Federal Reserve Bank of Atlanta

☆ What to expect from the jobs report
▼ + stars: | 2023-05-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —If the latest employment trends continue and economists’ forecasts prove true, Friday’s jobs report could bring back that pre-pandemic feeling. Economists expect the US economy to have added 180,000 jobs in April, according to consensus estimates on Refinitiv. It could also hammer home the fact that the US labor market has indeed cooled down from its red-hot recovery over the past two years. What a rising unemployment rate meansEconomists are expecting the unemployment rate to tick up to 3.6% from 3.5%, according to Refinitiv. Mixed signalsPayroll processor ADP’s monthly look at private-sector employment activity, released two days before the BLS’ employment report, is sometimes looked at as a preview of what to expect from the federal data.

☆ What to expect from the jobs report on Friday
▼ + stars: | 2023-01-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —Friday’s jobs report is expected to show that the US economy added 200,000 jobs in December, with the unemployment rate holding steady for the third-straight month at 3.7%. “The preponderance of evidence suggests that the labor market is still nowhere near back to normal,” said Julia Pollak, senior economist with ZipRecruiter online employment marketplace. Historically tightThe US labor market remains atypically tight — something that was reinforced Wednesday when the Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report for November. It showed there were still north of 10.5 million job openings, or about 1.7 available positions for every unemployed person looking for work. “But it’s unclear how far inflation can fall without the labor market deteriorating, or rather, it’s not clear what the underlying pace of inflation is with the labor market this tight.”—CNN’s Matt Egan contributed to this report.

☆ The number of US job openings fell by more than 1 million in August
▼ + stars: | 2022-10-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

The number of job openings dropped to just under 10.1 million, down from 11.2 million in July, according to data released Tuesday by the Bureau of Labor Statistics. Jay Powell is fist pumping at that job openings number. — Nick Bunker (@nick_bunker) October 4, 2022Economists were expecting job openings to fall to just 10.8 million, according to estimates on Refinitiv. Practically every industry saw a decline in job openings, indicating a broader slowdown, he said. “The key concern for the medium-term US inflation outlook is the extreme imbalance in the labor market,” he wrote.

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