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☆ I dropped out of college with $25,000 in loans and did a tech apprenticeship instead. I have a great job now, but I wish I left sooner.
▼ + stars: | 2024-07-12 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I decided to try community collegeI started working 40 hours a week at Chick-fil-A, and a few months later, I enrolled in a community college as a political science major again because I still wanted to make college work. I went back and forth for eight years in that cycle and ultimately took out $25,000 in student loans but didn't graduate. College is not the only optionI wish I had known when I graduated from high school that apprenticeships were an option. I don't think I retained much of the classroom knowledge I learned in college, and I wish I had pursued an apprenticeship earlier.

Persons: —, Janika Cook, I'm, It's, I've, you've, it's, could've Organizations: Service, Ohio University, Business, Intermountain Locations: Cleveland, Athens

☆ New college graduates are stepping into a tougher job market. It could set their earnings back for years.
▼ + stars: | 2024-06-15 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +9 min

New college graduates are having a harder time finding work, and as a result, some of them could see their careers and earnings take a hit for years. Meaning that recent college graduates have been more likely to be unemployed than the broader population. This new normal has worked out OK for some Americans, but it's been particularly tough on new college graduates. While the tough job market could temporarily hurt some young graduates' earnings, there's reason to be optimistic that their finances could eventually recover. But if the job market continues to prove frustrating, some of them may begin to wonder.

Persons: Lohanny Santos couldn't, Zer, Santos isn't, overqualified, millennials, Gen Zers aren't, Julia Pollak, ZipRecruiter, it's, — aren't, they'd, —, grads —, Goldman Sachs, Elise Peng, Louis, who's Organizations: Service, Business, New York Fed, NY Fed, Meta, Rice University's, Bloomberg, LinkedIn, National Association of Colleges, Glass Institute, Strada Education Foundation, Federal, Louis Fed

☆ India elections: Modi declares victory but party faces shock losses in parliament and will need coalition
▼ + stars: | 2024-06-04 | by ( Rhea Mogul | ) edition.cnn.com time to read: +10 min

While final votes are still being tallied, India’s election authority has confirmed that the NDA coalition had secured the majority needed with 272 seats. Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, on June 4. Adnan Abidi/ReutersSupporters of the Bharatiya Janata Party (BJP) celebrate as they learn early election results on June 04, 2024 in Bengaluru, India. Preliminary results also suggest they have chipped away at BJP seats, including in some of the ruling party’s traditional strongholds. “He comes from a poor background and that helps him understands the people of India,” Varanasi BJP president Dileep Patel previously told CNN.

Persons: Narendra Modi, ” Modi, –, Modi, Adnan Abidi, Abhishek Chinnappa, Rahul Gandhi, ”, ‘, ’, thirstily, Rajgopal Kashyap, Nilanjan Mukhopadhyay, Surjeet Singh, Christophe Jaffrelot, Dileep Patel, Sunita Gautam, “ Modi Organizations: New, New Delhi CNN, National Democratic Alliance, NDA, Bharatiya Janata Party, BJP, Indian, Reuters, India’s National, Congress, CNN Locations: New Delhi, tatters, India, Bengaluru, Asia, United States, China, Russia, Washington, Delhi, Moscow, Ukraine, “, Gujarat, ” Varanasi

☆ Jennifer Lopez plus AI robots in ‘Atlas’ equals fuel for Netflix’s algorithm
▼ + stars: | 2024-05-24 | by ( Brian Lowry | ) edition.cnn.com time to read: +2 min

CNN —Say what you want about Jennifer Lopez, but streaming algorithms surely love her, which accounts for her parade of recent movies – “The Mother” (Netflix), “Shotgun Wedding” (Amazon) and “Marry Me” (Peacock), all in the last two years. Add to that “Atlas,” a nonstop sci-fi action movie that basically gets the job done with a plot that recalls Disney’s “Big Hero 6,” just with a lot more cursing. Atlas must then team up with another AI robot (voiced by Gregory James Cohan) in order to survive. Netflix continues to lay down expensive bets on genre movies, with Zack Snyder’s two-part “Rebel Moon” among the more prominent recent examples. For her part, Lopez steps into a slightly different role – and wisely away from another rom-com – in her dual capacity as producer and star.

Persons: Jennifer Lopez, ”, Disney’s, Atlas Shepherd, Harlan, Simu Liu, Gregory James Cohan, Mark Strong, Sterling K, Brown, Lopez, Brad Peyton –, Dwayne Johnson, Andreas ” –, Zack Snyder’s, it’s Organizations: CNN, Netflix, Sterling, “

☆ Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +13 min

Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.

Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, —, Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India

☆ Opinion | Class of 2024, It’s Not in Your Head: The Job Market Is Tough.
▼ + stars: | 2024-04-29 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Here is a brutal fact for the college class of 2024: There aren’t enough college-level jobs out there for all of you. Others will have to settle for jobs that don’t require a college education. And history shows that many of those who start out in a job that doesn’t require a college education are still toiling in that kind of job a decade later. One mystery is why college grads’ lifetime earnings are so much higher than those of people with just a high school degree or less, if indeed so many college grads don’t do college-graduate-level work. I invite college seniors to tell me about your job searches and how you feel about what you learned or wish you had learned in college by filling out the form below.

Persons: grads, I’ll Organizations: Burning Glass Institute, Strada Institute

☆ A New Plan to Hire Thousands of Workers to Help N.Y.C. Families in Need
▼ + stars: | 2024-03-13 | by ( Jeffery C. Mays | ) www.nytimes.com time to read: +2 min

New York City is the nation’s largest municipal employer, but has struggled recently to recruit and retain employees. As of September 2023, there were over 20,000 vacant municipal jobs, according to Council data. City officials say they have recently hired 1,000 workers and reduced the delays in processing benefits. “This does not have to be our reality.”How the Plan Would Work: Partly by hiring CUNY students and seasonal workers. The second part of the effort would connect workers who are typically underemployed, including young people and asylum seekers, with seasonal city jobs such as cleanup crews or internships in various industries.

Persons: Ms, Adams, Henry Garrido, Eric Adams’s Organizations: CUNY, District, City University of New Locations: York, New York City, City University of New York, New York

☆ I was a 'trad wife' who got married on our 11th date. Influencers make this life look idyllic, but I had no money and no control.
▼ + stars: | 2024-03-07 | by ( Maria Noyen | ) www.businessinsider.com time to read: +9 min

AdvertisementThis as-told-to essay is based on a conversation with Jennie Gage, who used to be what social-media users have dubbed a "trad wife" — slang for "traditional wife." Courtesy of Jennie GageI was 17 when I went to a Mormon college. Being a 'trad wife' involved endless houseworkMy first son was born in 1998; I'd just turned 23. For most of my married life, Jake would give me cash envelopes. AdvertisementDo you identify as a trad wife or former trad wife?

Persons: Jennie Gage, She's, Gage, —, Hannah Neeleman, Jake, I'd, We'd, who's, Money, I'm, TikTok, Maria Noyen Organizations: Service, BI Locations: Arizona , Oregon, Utah, TikTok

☆ Most US graduates who start their first job underemployed can't find college-level jobs 10 years later: report
▼ + stars: | 2024-02-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Around 73% of those who don't get college-level jobs in their first year after graduation end up stuck in underemployment 10 years later, the report said. "Graduates who start out in a college-level job rarely slide into underemployment." Graduates who start their careers underemployed are about 3.5 times as likely to be underemployed a decade later, the researchers said. Most American graduates start their careers underemployedFor every 100 graduates in the US, 52 are underemployed in their first year of work, the report said. That means graduates with college-level jobs earn 50% more than their underemployed counterparts, per the report.

Persons: —, underemployed Organizations: Service, Strada Education, Glass Institute, Business

☆ About half of America's new college graduates are working in high school-level jobs like food service and retail: report
▼ + stars: | 2024-02-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

People working college-level jobs earn 88% more than those with only a high school education, the report said. AdvertisementMost underemployed graduates are in sales and office administrationFor graduates working high school-level jobs five years after finishing college, the most common occupations are clerk (1.09 million graduates), sales supervisor (1 million), retail sales worker (759,000), salesperson (611,000), and secretary (602,000). Health-related work, including nursing, had the lowest underemployment rate, with only 23% of graduates not working college-level jobs five years after finishing their bachelor's. About 27% of underemployed graduates eventually advance to college-level jobs in the next 10 years. Getting an internship in your field of study vastly improves your chances of getting a college-level job, the report said.

Persons: —, they're Organizations: Service, —, Glass Institute, Strada Education, Business Locations: underemployment

☆ EY and Deloitte are scrutinizing staff workloads and quietly letting some workers go
▼ + stars: | 2024-02-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now they’re scrutinizing employee workloads and letting go of "underemployed" staff, The Times of London reported . EY told Business Insider in a statement that it has "well-established performance management processes" that look at a variety of metrics. The Big Four firms, which include EY, Deloitte, PWC, and KPMG, have cut hundreds of jobs in the past year amid a challenging economic climate. It recently gave 3,000 staff poor performance reviews , which are internally known as "concerns," according to Bloomberg .

Persons: —, workloads, EY Organizations: Service, Deloitte, Big, Times, EY, PWC, KPMG, Consulting, McKinsey, Bloomberg Locations: London

The first-in-the-nation primary could be the last stand for the anti-Trump Republican. Since 2016, a shrinking band of Republican strategists, retired lawmakers and donors has tried to oust Donald J. Trump from his commanding position in the party. Ahead of New Hampshire’s primary on Tuesday, the old guard of the G.O.P. Anything but a very close finish for her in the state, where moderate, independent voters make up 40 percent of the electorate, would send Mr. Trump on an all-but-unstoppable march to the nomination. Yet, their long-running war against him has helped to frame the nominating contest around a central, and deeply tribal, litmus test: loyalty to Mr. Trump.

Persons: Donald J, Trump, Trump Republicans won’t, Nikki Haley Organizations: Trump Republican, Trump Republicans

☆ A few U.S.-listed China stocks doubled in price in 2023. Winners to watch
▼ + stars: | 2023-12-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The top-performing U.S.-listed Chinese stocks for 2023 weren't well-known internet names. But topping PDD were three stocks that basically doubled or more for the year: ACM Research , New Oriental Education and Ehang . Overall market struggled Individual stock gains contrast with a steep decline for Chinese stocks overall. The outperforming mainland Chinese stock index was the Beijing Stock Exchange 50 Index, up by about 15% in 2023, according to Wind. Correction: This story has been updated to reflect that ZKH is listed on the New York Stock Exchange.

Persons: Alibaba, it's, Dong, Goldman Sachs, Ehang, Allen Chang, EHang, Goldman, Hollysys Organizations: PDD Holdings, ACM Research, New Oriental Education, Nvidia, Wings Logistics, United Arab Emirates, Auto, Technologies, Ascendent, Partners, New York Stock Exchange, U.S, CSI, Beijing Stock Locations: China, New, Hong Kong, ., United Arab, Shanghai, Beijing

☆ Arts Calendar: Happenings for the Week of November 12
▼ + stars: | 2023-11-12 | by ( Wsj Arts In Review Staff | ) www.wsj.com time to read: 1 min

Sandro Botticelli’s ‘Head of a Woman in Near Profile Looking Down to the Left’ (c. 1468-70) Photo: Christ Church, OxfordFilm• “The Hunger Games: The Ballad of Songbirds & Snakes” (Nov. 17): The prequel to the ultra-popular young-adult dystopian series, based on Suzanne Collins ’s book, is a coming-of-age tale that once again sees youthful citizens competing to survive. Francis Lawrence (“I Am Legend”) directs a cast that includes Tom Blyth , Rachel Zegler , Josh Andrés Rivera , Hunter Schafer , Peter Dinklage , Jason Schwartzman and Viola Davis . • “Fallen Leaves” (Nov. 17): Two lonely, underemployed singles in Helsinki meet and find romance and a chance at self-improvement through their relationship in Aki Kaurismäki ’s tragicomedy, which won the Cannes Jury Prize.

Persons: Sandro Botticelli’s ‘, •, Suzanne Collins ’, Francis Lawrence, “, Tom Blyth, Rachel Zegler, Josh Andrés Rivera, Hunter Schafer, Peter Dinklage, Jason Schwartzman, Viola Davis, Aki Kaurismäki Organizations: Church , Oxford, Helsinki, Cannes

☆ ‘These jobs can be respectable too’: Why youths in China are abandoning white-collar jobs for ‘light labor’
▼ + stars: | 2023-06-07 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

Such a switch from a white-collar job to "qing ti li huo" (or "light labor" in Chinese) is gaining popularity among younger people in the country. It was only in hindsight that Wang realized she never "personally wanted" to pursue her major, or be in a white-collar job. "I looked back and I realized it was because my parents told me to choose it, people told me that with this major I'd have a really, really great future," Wang said. She earned about 12,000 Chinese yuan ($1,700) a month in her white-collar job. But what may be priceless to her is the self-discovery Wang said she's been able to experience after walking away from her white-collar job.

Persons: Eunice Wang, I'd, Wang, Jia, they're, Jia Miao, Wu Xiaogang, Wu, That's, xiao bai, Miao, Eunice Wang Barista, Wu —, she's Organizations: NYU Shanghai, New York University Shanghai, CNBC, NYU Locations: China, Beijing, United States

☆ Opinion: Ambitious, tech-savvy and jobless. Why India’s young people could reshape the internet
▼ + stars: | 2023-06-02 | by ( Opinion Snigdha Poonam | ) edition.cnn.com time to read: +10 min

Her book, “Dreamers: How Young Indians Are Changing Their World,” was longlisted in 2019 for the PEN America Literary Awards. Unlike China, which leveraged its demographic dividend through large-scale factory employment, India’s economic growth does not rely on young workers manufacturing goods. Catering to a market of 750 million smartphone users, India’s fast-growing gig economy is attracting young workers in great numbers. As incidents of abuse and exploitation pile up, many of India’s gig workers are questioning their career choice. Feeding the social media monsterThere are other ways in which India’s young people are shaping the future of technology.

Persons: ”, Raju Rai, Rai, “, ” Rai, Dhiraj Singh, Mithun Kumar, Kumar, hyperlocal, Jewel Samad, Mohit Yadav, Monu Manesar Organizations: PEN, CNN, Delhi CNN, Facebook, Catering, Bloomberg, Getty, YouTube, Big Tech, Twitter, New York Times Locations: Delhi, India, Thailand, Indian, Varanasi, Bangkok, Myanmar, Uttar Pradesh, Kerala, Southeast Asia, Europe, China, Mumbai, Bihar, Covid, AFP

☆ China's youth unemployment hits a record high, deepening its economic scars
▼ + stars: | 2023-05-29 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

In this article GSBDGS Follow your favorite stocks CREATE FREE ACCOUNTChina's young face the prospect of dimmer economic gains amid record youth unemployment in the world's second-largest economy. "The expansion of college education in the late 1990s created this huge influx of college graduates, but there is a misalignment between demand and supply of high skilled workers. "Increasingly, college graduates are taking up positions that are not commensurate with their training and credentials to avoid unemployment," Lu told CNBC. China's young face the prospect of dimmer economic gains amid record youth unemployment in the world's second-largest economy. "But the plan was for China's economy to transform from labor-intensive industry to more technological, with a strong service-oriented, knowledge economy," Yeung added.

☆ ‘We’re at a tipping point:’ What to expect from the jobs report
▼ + stars: | 2023-04-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —The US labor market has kept trucking right along even as other areas of the economy have slowed. ET Friday when the Bureau of Labor Statistics drops the heavily anticipated jobs report for March. On Wednesday, the latest private-sector jobs report from payroll processor ADP came in at 145,000 for March, landing below expectations. There still remains uncertainty about the extent to which those and other layoffs may ripple through the broader labor market. The Bureau of Labor Statistics is set to release its March jobs report at 8:30 a.m.

☆ ‘We’re at a tipping point:’ What to expect from the jobs report on Friday
▼ + stars: | 2023-04-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —The US labor market has kept trucking right along even as other areas of the economy have slowed. Just how much of a shift there is could become even clearer on Friday when the Bureau of Labor Statistics drops the heavily anticipated jobs report for March. On Wednesday, the latest private-sector jobs report from payroll processor ADP came in at 145,000 for March, landing below expectations. There still remains uncertainty about the extent to which those and other layoffs may ripple through the broader labor market. The Bureau of Labor Statistics is expected to release its March jobs report on Friday at 8:30 a.m.

☆ Nissan, Renault to invest $600 million to make 6 new models in India
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakeTOKYO, Feb 13 (Reuters) - Nissan Motor Co (7201.T) and Renault SA (RENA.PA) said on Monday they would invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. Two models would be electric vehicles (EVs), the companies' first in India; the others would be sports utility vehicles. Unlike Nissan, Renault does not have a significant presence China, the United States and Japan, raising the stakes for its success in India. Industry-wide sales in India surged 23% last year to 4.4 million vehicles, overtaking the Japanese market, according to S&P Global Mobility. The Chennai plant can produce about 500,000 vehicles a year, but last year Renault sold only 87,000 in India and Nissan 35,000.

In January 2021, my net worth was -$15,000. Despite this, my net worth increased from -$15,000 to $15,000 since January 2021. Together, these accounted for an increase of $12,000 in my net worth. In the end, these different sources accounted for an additional $5,000+ that I invested over the last six months — which has allowed me to surpass my original net worth goal for this time period. Three years ago, I made the first deposit into my Roth IRA and today that account makes up a substantial portion of my net worth.

☆ That's not a real job opening: Some companies are posting 'ghost jobs' but don't actually plan to hire you — or anyone
▼ + stars: | 2022-09-18 | by ( Rebecca Knight | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

The number of job openings has been sky high over the past year in the red-hot labor market. That could be because some firms are posting "ghost jobs" that they're not actually hiring for. While many employers can't find enough workers, some qualified candidates are applying to open jobs and aren't hearing anything back. Some recruiters say that ghost jobs are on the rise due to the heightened level of uncertainty that's persisted for the past two and a half years. "There are too many jobs posted"Andrew Flowers, a labor economist at Appcast, the recruitment advertising technology company, expressed skepticism that "ghost jobs" are a widespread problem.

☆ Side hustle and 'polywork' culture is really just a desperate reflection of a low-paying job market
▼ + stars: | 2022-02-14 | by ( Stephen Moore | ) www.businessinsider.com time to read: +6 min

The pandemic has seen a rise in "polywork" — people working multiple jobs or side hustles. One aspect of this future is a rise in people holding multiple jobs. Still, the buzz around polyworking fails to consider that many are not pursuing multiple work opportunities voluntarily. For many, working multiple jobs is a necessity. We have to be aware that it's one thing to want to work multiple jobs — it's another to feel like you have to work them.

During that time, I relied heavily on credit cards to cover my basic necessities. I could have saved hundreds of dollars by relying primarily on the credit card with the lowest-interest rate. 2. Credit cards with an intro APR can act as an emergency fundSome credit cards come with introductory offers that give you a 0% APR on purchases for a certain period of time. Paying your credit card bill on time is arguably the most important thing you can do to protect your credit. My credit score did take a slight hit due to the high balances I had on a couple of my credit cards.

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