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☆ Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
  + stars: | 2024-08-02 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday. The unemployment rate edged higher to 4.3%, its highest since October 2021. "Temperatures might be hot around the country, but there's no summer heatwave for the job market," said Becky Frankiewicz, president of the Manpower Group employment agency. From a sector standpoint, health care again led in job creation, adding 55,000 to payrolls. The labor force also contracted by 214,000, though the participation rate as a share of the working-age population actually edged higher to 62.7%.
Persons: Nonfarm payrolls, Dow Jones, Becky Frankiewicz Organizations: Labor Department, Stock, Manpower Group Locations: U.S
☆ Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
  + stars: | 2024-06-18 | by ( Michael Wayland | ) www.cnbc.com   time to read: +6 min
Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. The new filing comes after the Fisker company failed to secure an investment from a big automaker to keep afloat. The automaker, unlike most of its peers, contracted a third-party manufacturer to build the Fisker Ocean crossover. Déjà vuFor Henrik Fisker, a renowned automotive designer credited with designing the BMW Z8 and Aston Martin DB9, it's déjà vu. His first namesake company – Fisker Automotive – filed for bankruptcy protection in 2013, shortly after he left the company.
Persons: Henrik Fisker, Patrick T, Fallon, Fisker, Nikola, Faraday, It's, Henrik Fisker's, Tesla, Sam Abuelsamid, Magna, Abuelsamid, Geeta Gupta, Gupta, Stephanie Valdez Streaty, Aston Martin, – Organizations: Manhattan, Los Angeles Auto, AFP, Getty, Lordstown Motors, Guidehouse, Software, U.S, Canadian, Apple, Adobe, SAP America, Manpower, Systems, CNBC, Cox Automotive, Fisker, Inc, BMW Z8, Aston, Aston Martin DB9, China's Wanxiang Locations: Manhattan Beach , California, EVs, U.S, North America, Europe
☆ Major corporations reluctant to make a splash at the 2024 political conventions
  + stars: | 2024-05-03 | by ( Brian Schwartz | Cnbc | Natasha Korecki | ) www.cnbc.com   time to read: +17 min
Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.
Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia
☆ The 10 most in-demand hybrid jobs companies are hiring for right now—some pay over $100K
  + stars: | 2023-09-27 | by ( Morgan Smith | ) www.cnbc.com   time to read: +2 min
Remote jobs might be getting harder to find, but the hybrid job market is thriving. Recent data from workforce solutions company ManPower Group shows that all industries are offering more hybrid roles month-over-month. To help jobseekers find the best flexible gigs, FlexJobs has identified the most in-demand hybrid jobs companies are hiring for by analyzing its database for the hybrid jobs with the highest volume of postings between September 2022 and August 2023. Tech, accounting and finance, and marketing are among the top fields hiring for hybrid roles. Check out:The top 10 companies hiring for hybrid jobs right now—they're not all in techWant to be smarter and more successful with your money, work & life?
Persons: jobseekers, FlexJobs Organizations: Group, U.S . Bank, Verizon, CNBC Locations: Milwaukee
☆ Payrolls rose 339,000 in May, much better than expected in resilient labor market
  + stars: | 2023-06-02 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
watch nowThe U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Payrolls in the public and private sector increased by 339,000 for the month, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth. The unemployment rate rose to 3.7% in May against the estimate for 3.5%, even though the labor force participation rate was unchanged. "The U.S. labor market continues to demonstrate grit amid chaos – from inflation to high-profile layoffs and rising gas prices," said Becky Frankiewicz, president and chief commercial officer of Manpower Group. "With 339,000 job openings, we're still rewriting the rule book and the U.S. labor market continues to defy historical definitions."
Persons: nonfarm, Payrolls, Dow Jones, Becky Frankiewicz Organizations: Labor Department, Dow, Dow Jones, Treasury, Manpower Group, Government Locations: U.S
☆ A 22-year-old making $144,000 from 2 full-time remote jobs explains why he's willing to take the risk — and shares 5 strategies for getting away with it
  + stars: | 2023-05-14 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +6 min
A 22-year-old began working two full-time remote jobs in 2021. In November of 2021, he started a second full-time remote software engineering role. While juggling two roles can be stressful at times — like when he has overlapping meetings or receives unexpected work — Jason said that in some ways, his working arrangement reduces his stress. The desk in his apartment where Jason usually works Jason5 strategies to work two remote jobs and get away with itJason said he uses five different strategies to juggle both jobs and not get caught. Why he's not worried about an overemployment crackdownSince taking on two full-time remote jobs, Jason said he has immersed himself in the "overemployed community" online — the r/Overemployed subreddit has 176,000 members.
☆ Remote Jobs Going Back to the Office, Outsourcing to Cheaper Workers
  + stars: | 2023-04-13 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +4 min
Finding a remote job is getting more and more difficult. That's because competition for remote work in the US remains fierce, the number of job postings are on the decline, and some of the remote jobs that remain are being outsourced overseas. Companies are moving remote jobs overseasSome companies are embracing remote work, but not in the US. Instead, they're outsourcing jobs overseas and saving on labor costs. For Americans who are eager to snag that remote job, it's not all doom and gloom.
☆ An employee reportedly asked to go remote. Her CEO says he outsourced her job to India instead and saved 40% on labor costs.
  + stars: | 2023-04-11 | by ( Grace Mayer | ) www.businessinsider.com   time to read: +3 min
CEO Johnny Taylor Jr. told WSJ he outsourced an employee's job after she requested it be remote. Hiring someone in India saved the company around 40% in labor costs, he told the Journal. Since the pandemic, some tech companies have hired remote workers overseas, sometimes amid layoffs. Some tech companies have already turned to overseas labor, including in Latin America, Europe, Africa, and the Middle East, Insider's Aki Ito reported. The year before, 17% of job postings offered remote work.
☆ Remote workers are clinging to work-from-home jobs, even if they aren't that happy
  + stars: | 2023-04-04 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +7 min
Joe, 37, is torn between leaving his job and clinging to the flexibility of remote work. Many remote workers like him have gotten used to the WFH lifestyle, and built lives around it. With remote job openings tapering off, more remote workers may be inclined to stay put. Even before the pandemic, remote workers tended to be happier and stay at their jobs longer than on-site workers. The share of remote postings could fall to 10% by the end of 2023, Stanford economist and leading work-from-home researcher Nick Bloom told Insider.
☆ Here are 3 things you should do immediately if you get laid off
  + stars: | 2023-01-17 | by ( Sarah Jackson | Cadie Thompson | ) www.businessinsider.com   time to read: +3 min
If you're laid off, you can take some steps immediately to boost your chances of finding another job soon. With concerns of a recession on the horizon, laid-off workers should take steps immediately to get back on their feet and find another job quickly. Focus on skills in your resumeWhen revamping your resume, zero in on the transferrable skills you have. "It's really important to refresh your resume and make sure that it reflects the skills, not the jobs, that you've had," said Frankiewicz. "Employers are increasingly looking for skills: learnability, adaptability, agility, curiosity, communication skills — bring those things forward.
☆ Lower US job gain in August could help the Fed's inflation fight
  + stars: | 2022-09-02 | by ( Christopher S. Rugaber | Associated Press | ) www.nbcnews.com   time to read: +7 min
WASHINGTON (AP) — America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation. Inflation did fall to an 8.5% annual rate in July from 9.1% in June, mostly as gas prices steadily dropped. Wage growth weakened a bit last month, too, which could also serve the Fed’s inflation fight. Powell warned that the Fed’s inflation fight would likely cause pain for Americans in the form of a weaker economy and job losses. Friday’s jobs figures and a report earlier this week that showed the number of job openings rose in July suggest that the Fed’s rate hikes so far haven’t restored much balance.
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