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☆ U.S. weekly jobless claims total 198,000, fewer than expected
▼ + stars: | 2023-10-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Initial filings for unemployment benefits dipped last week, indicating that the U.S. labor market remains tight and a potential factor in persistent inflation. Weekly jobless claims totaled a seasonally adjusted 198,000 for the period ended Oct. 14, the Labor Department reported Thursday. The labor market has been a critical factor in the Federal Reserve's deliberations over monetary policy. The labor market thus far has shown few effects of the United Auto Workers strike as well as other labor unrest. This week's report covers the survey week the Labor Department uses for its nonfarm payrolls report.

Persons: Dow Jones, Jerome Powell Organizations: Fear Community College, Labor Department, United Auto Workers, Philadelphia Fed, CNBC Locations: Wilmington , North Carolina, US

☆ The ‘Hot’ Labor Market Isn’t Helping a Certain Group of Jobseekers
▼ + stars: | 2023-10-07 | by ( Te-Ping Chen | Vanessa Fuhrmans | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ 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

☆ Indeed's CEO says college students might be learning skills that could go 'obsolete' once they graduate — all because of AI
▼ + stars: | 2023-09-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Chris Hyams, the CEO of Indeed, says AI could make the skills college students learn 'obsolete.' AdvertisementAdvertisementThat could spell trouble for college students, he said. "With AI, it's conceivable that students might now find themselves learning skills in college that are obsolete by the time they graduate," Hyams wrote in the essay. For instance, Hyams said that Indeed's AI technology, which recommends opportunities to its site visitors, helps people get hired "every three seconds." AdvertisementAdvertisement"Despite the staggering innovation all around us, AI is still in its infancy," Hyams wrote.

Persons: Chris Hyams, Hyams, Fortune, it's Organizations: Service Locations: Wall, Silicon

☆ A boss who uses a 'coffee cup test' to filter candidates in job interviews is being accused by some social media users of playing 'mind games'
▼ + stars: | 2023-09-11 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

One executive uses a hiring strategy called the "coffee cup test" on candidates in job interviews. He said in a resurfaced 2019 clip that he doesn't hire people who don't offer to wash their cup after the interview. Social media users are calling him out for playing a "deeply disturbing psycho-social game." Most candidates did offer to take back their cup with only a few that didn't, Innes noted at the time. The podcast episode has now resurfaced on social media, being shared on both TikTok and Reddit, with some users saying that Innes' strategy is manipulative.

Persons: Trent Innes, Photios, Innes, I'd prob Organizations: Social, Service, jobseekers Locations: Wall, Silicon, Australia

☆ UK employers curb hiring at fastest rate in over 3 years: REC
▼ + stars: | 2023-09-07 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. REC also reported that starting salaries rose at the joint-slowest pace since March 2021, although this was still a large increase by historic standards. A BoE survey on Thursday showed employers expect to raise wages by 5% over the coming year, above the 3-4% rate typical before the pandemic, when inflation stayed close to target. REC said there were "widespread reports" from its members that the pool of jobseekers had been swollen by increased redundancies. The REC surveyed around 400 recruitment agencies between Aug. 10 and Aug. 24.

Persons: Toby Melville, Neil Carberry, BoE, BoE Governor Andrew Bailey, jobseekers, David Milliken, Frances Kerry Organizations: Bank of, REUTERS, Confederation, REC, Bank of England, Thomson Locations: Bank of England, London, Britain

☆ 6 things to know about the job market right now: It's 'near-perfect,' economist says
▼ + stars: | 2023-09-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Job growth is slowingThe U.S. economy added 187,000 jobs in August, the Labor Department said Friday. Job growth is clearly losing momentum: The three-month average in August was 150,000 jobs added, versus 201,000 in June, for example, Bunker said. Further, monthly job growth still exceeds U.S. population growth, economists said. Unemployment is up — but not for bad reasonsThe unemployment rate jumped to 3.8% in August from 3.5% in July, the U.S. Labor Department said Friday. There were about 8.8 million openings in July, the fewest since March 2021, according to Labor Department data.

Persons: Mario Tama, Bunker, Julia Pollak, Lat, Aaron Terrazas, Andrew Hunter, Pollak, —, Zandi, Andrew Patterson, Hunter Organizations: Getty, Labor Department, Yellow Corp, U.S . Labor Department, Capital Economics, Workers, Vanguard, White House Council, Economic, CEA Locations: U.S, Hollywood

☆ This common LinkedIn mistake can hurt your chances of landing a job offer—how to avoid it
▼ + stars: | 2023-08-31 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Your LinkedIn profile is a billboard for your career — to attract potential employers, it needs to be eye-catching and informative. "If you don't include the skills or keywords hiring managers are searching for on your LinkedIn profile, you're automatically disqualifying yourself from those opportunities," he explains. According to Jobscan, 87% of recruiters use LinkedIn to source and vet job candidates. People with five or more skills listed on their profile, LinkedIn reports, are contacted up to 33x more by recruiters and other LinkedIn members and receive 17x more profile views, than those with fewer skills listed. When recruiters search for job candidates on LinkedIn, they typically search for people by location, skills and other keywords in the role's description, McCaskill explains.

Persons: jobseekers, Andrew McCaskill, Jobscan, McCaskill Organizations: LinkedIn

☆ Companies are cutting salaries for new hires as workers' pay expectations hit record highs
▼ + stars: | 2023-08-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

During the heyday of the "great resignation," workers could expect to see a 20% pay bump from changing jobs. Now, as the job market cools and companies become more cautious with hiring, the big signing bonuses and high salaries new hires once enjoyed are dwindling. Nearly half of the 2,000 employers surveyed by ZipRecruiter in July said they had reduced pay for recent job openings. As businesses cut new hires' salaries, however, jobseekers' wage expectations have hit record highs, according to a Federal Reserve Bank of New York survey released Monday. I've just accepted that I might have less negotiating power than I did two years ago."

Persons: they'd, Matt Dalrymple, he's, Dalrymple, Everyone's, I've Organizations: ZipRecruiter, Federal Reserve Bank of New, CNBC Locations: Federal Reserve Bank of New York, New Jersey, New York

☆ Why you should use ChatGPT on your resume, says ex-Google recruiter: These tools 'make you better'
▼ + stars: | 2023-08-14 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Church simply copied and pasted the resume into ChatGPT, prompted it to make the resume shorter and saw what it would do. There's one more reason Church advocates for using ChatGPT on your resume: It helps you stay up-to-date with the latest technology. As an employee, "if you're using tools to help you drive better outputs," he says, "God, I want that." "If you're not using tools that can help you build an amazing resume," he says. "I'm going to assume that you're not going to be using tools to help you be an amazing employee."

Persons: ChatGPT, Madelyn Machado, Nolan Church, It's Organizations: CNBC, Continuum, Google Locations: ChatGPT

☆ This 30-year-old got $15K more when she negotiated her salary—here's the exact script she used
▼ + stars: | 2023-08-03 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

This wasn't her first experience negotiating a job offer: She's managed to increase her salary by as much as $75,000 in past jobs. Instead, Doe used that question as an opportunity to first find out where the company stood on its hiring budget. But may I ask what salary range you have budgeted for this position?" Doe suggests the following script, which she's used in past interviews: "I'm currently interviewing for roles that range from XXX to XXX annually." "agreeNegotiating your salary after receiving a job offer

Persons: Brianna Doe, Doe, Weeks, She's, Here's, she's, I'm, It's Locations: Phoenix

☆ A recruiter says a Gen Z intern asked for a 5-hour work day in an interview, sparking debate about work-life balance
▼ + stars: | 2023-07-24 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Twitter users are divided over whether Gen Z workers are demanding too much in job interviews. Experts warn Gen Z to research their industry before making demands about work-life balance. The post, which has more than 700,000 views, sparked a social-media debate about Gen Z behavior at work. She added: "Imagine having work life balance but hating the 5 hours of work you have to do or the people you have to work with." Industries like finance and banking that traditionally have intensive hours are less likely to look kindly on open demands for work-life balance.

Persons: tweeting, Zer, Gen, Sameera Khan, Khan, Balance, Insider's Alexandra York, Josée Rose, Steven Sibley Organizations: Service, Twitter, MNC, Industries, Indiana University's Kelley School of Business Locations: Wall, Silicon, India

☆ Why Hollywood actors and writers are on strike and how the WGA and SAG-AFTRA walkouts are changing the entertainment industry
▼ + stars: | 2023-07-21 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

The Hollywood writers' strike got a boost when actors joined the picket lines in July. Together, the SAG-AFTRA and WGA strikes have upended development and promotion of new content. Read more about the issues and demands driving the WGA and SAG-AFTRA strikes:When will the SAG-AFTRA and WGA strikes end? Some are predicting that the writers' strike appears to be on course to outlast the previous the 100-day WGA strike of 2007-8, which cost the California economy roughly $2 billion. Read more about how Hollywood companies prepared for the strikes:Getting a job in Hollywood right now: Is anyone still hiring?

Persons: AFTRA, Oppenheimer, Abbott, Fran Drescher, it's, Read, Adam Conover, Ted Sarandos, David Zaslav, picketers, showdowns, Hollywood's, Reed Alexander, Lucia Moses Organizations: Hollywood, SAG, WGA, Writers Guild of America, Alliance, Television Producers, Netflix, Warner Bros, Discovery, Employees, Wall, Big Tech Locations: Los Angeles and New York City, California, Hollywood

Even for 'Barbie' director Greta Gerwig, negotiating a salary isn't always easy. And while her salary has not been made public, the movie has a budget of $145 million, according to Variety. Within the movie industry, Gerwig believes there is a need for more women directors. And Gerwig isn't alone in her fear of asking for too much. But for Gerwig, directing movies comes with a much different pay structure than other professions.

Persons: Barbie, Greta Gerwig, Gerwig's, Margot Robbie, Ryan Gosling, Variety, hasn't, Gerwig, jobseekers Organizations: Variety, Hollywood, CNBC, Harvard Business Locations: Hollywood, Jobvite

☆ Singapore's workers want to stay remote, but employers are backtracking on flexibility
▼ + stars: | 2023-07-17 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

While working professionals remain "keenly interested" in remote work, employers have been far less likely to mention "work from home" in postings, said Indeed Singapore. In May 2023, 6.6% of job postings explicitly mentioned phrases such as "work from home" or "remote work" in their job descriptions. Callam Pickering APAC senior economist, IndeedBy contrast, jobseeker interest in remote work "remains elevated" with 3.5% of searches, Indeed added. Terms such as "full-time," "remote work" and similar phrases are also consistently among Singapore's most popular search terms. Job postings in declineSingapore job postings on the portal are on a decline, with numbers hitting lowest levels since September 2021.

Persons: Samantha, It'll, jobseekers, Callam Pickering APAC, Jobseekers, Callam, Guy Berger, LinkedIn's, there's Organizations: CNBC, LinkedIn's Locations: Singapore, Callam Pickering, Asia, Pacific, APAC

☆ The job market is still favorable for workers. ‘You’re in a lucky position,’ economist says
▼ + stars: | 2023-07-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

The U.S. job market is gradually cooling but remains hot despite a year-long government campaign to reign it in, amounting to a favorable environment for many jobseekers, economists said. "You're in a lucky position," she added, referring to employees. Since most workers quit for new employment, the uptick suggests a rebound in workers' confidence they can find a new job, economists said. While job openings — a barometer of business' demand for workers — fell by about 500,000 in May, they remain well above their pre-pandemic level. In all, job openings and monthly quits are respectively 40% and 15% higher than they were before the Covid-19 pandemic, while monthly layoffs are 21% lower, pointing to a "robust and resilient labor market," Pollak said.

Persons: Julia Pollak, —, Pollak Organizations: Federal, Finance, Companies, Labor, U.S . Bureau of Labor Statistics

☆ LinkedIn ages like fine wine in Microsoft’s cellar
▼ + stars: | 2023-06-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +5 min

NEW YORK, June 28 (Reuters Breakingviews) - Most corporate acquisitions deteriorate over time, but Microsoft’s (MSFT.O) $26 billion deal for LinkedIn keeps getting better. Buying LinkedIn was a bold step for Satya Nadella, who became the software goliath’s third chief executive in early 2014. Paying a 50% premium for LinkedIn and its 430 million users made it one of the technology industry’s largest deals ever and by far Microsoft’s biggest. The war over the “Call of Duty” maker is just one of many things happening at Microsoft that’s overshadowing LinkedIn. Those market dynamics have buoyed LinkedIn, which was only generating $3 billion in revenue when Microsoft bought it.

Persons: Satya Nadella, Steve Ballmer, There’s, Mark Zuckerberg, Tesla, Elon Musk, faddish, Microsoft’s, It’s, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, LinkedIn, Nokia, aQuantive, Activision, Microsoft, Facebook, Twitter, Sprout Social, Bing, Thomson

☆ The role of the CMO is changing. Here's what 6 experts had to say about marketing amid increased social awareness and new tech.
▼ + stars: | 2023-06-20 | by ( Michael Kaminer | ) www.businessinsider.com time to read: +11 min

This article is part of CMO Insider, a platform that explores how the role of chief marketing officer is evolving. High tech rules, but traditional media still matters, CMOs sayEven with the dominance of social platforms and the emergence of AI, traditional media still plays a key role for brands. "We rely on traditional media for content whose audiences are still engaging that way, whether it's out-of-home or broadcast. In hospitality, "traditional media still plays a huge role," said Accor's Schellenberger. 1 KPI is building awareness, traditional media is still the best way to do it, along with other digital media tools."

Persons: Ewan McIntyre, it's, Alex Schellenberger, Marian Lee Dicus, Kimberly Whitler, Jessica Jensen, Jensen, Colin Kaepernick, hasn't, Marian Lee, I'm, Whitler, Jonathan Adashek, IBM's, Adashek, ChatGPT, Somebody's, Schellenberger, Netflix's, Indeed's Jensen, Accor's, there's, Dicus, Charlotte, Gartner's McIntyre Organizations: Marketing, Accor, University of Virginia's Darden School of Business, Nike, Netflix, IBM, Research Locations: Paris, jobseekers, Germany

☆ China's disappointing rebound could bring in more stimulus, economists say
▼ + stars: | 2023-05-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Photographer: Qilai Shen/Bloomberg via Getty Images Qilai Shen | Bloomberg | Getty ImagesChina's much-vaunted economic rebound after its emergence from strict zero-Covid lockdown measures has yet to fully materialize, prompting some economists to speculate that further fiscal stimulus or monetary policy easing could be coming down the pipeline. Data from China's Bureau of Statistics shows that 6 million of the 96 million 16 to 24-year-olds in the urban labor force are currently unemployed. watch nowIn a research note Monday, Capital Economics assessed that, despite losing some momentum, China's economic recovery was still progressing at the start of the second quarter, with scope for further service sector-led improvement. But we do not expect policy rate cut or major fiscal stimulus, barring a precipitous fall in exports in the coming months." Any consensus among economists as to the trajectory of fiscal and monetary policy seems to be unraveling in light of the tenuous recovery.

☆ How artificial intelligence could threaten major industries and business models
▼ + stars: | 2023-05-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Meanwhile, limits on applicable copyright rules make it simpler to train AI tools. Nevertheless, accuracy issues with AI tools, Redburn said, could boost the use case for Pearson. Copyright issues are another major obstacle for music companies. Some potential copyright violations include replicating an artist's likeness or voice, and that could weaken the catalog value for many music companies, analysts said. Similarly, Deutsche Bank analyst Matthew Niknam highlighted in a recent note AI presents more opportunities than risks and offers "underappreciated upside tailwinds" for Five9.

Persons: GOOGL, Goldman Sachs, Dan Rosensweig, Chegg, Brad Erickson, Hayden Brown, Brown, BTIG, Chegg's, Pearson, Redburn, Morgan Stanley, Brent Thill, Thill, Douglas Mitchelson, Rosenblatt, Barton Crockett, Morgan Stanley's Omar Sheikh, Ygal, Nat Schindler, Wix, Jefferies, Oppenheimer, Timothy Horan, Matthew Niknam, Meta Marshall, Marshall, Michael Bloom Organizations: Wall Street, Microsoft, Nvidia, Goldman, Chegg, Companies, Freelance, Upwork, RBC Capital, Pearson, Bank of America, UBS, Jefferies, Industry Music, Spotify, Credit, Warner, Warner Music Group, Universal Music Group, Citi, NICE, Deutsche Bank Locations: Nice

☆ This 42-year-old mom makes over $200,000 without a bachelor's degree—here's how
▼ + stars: | 2023-05-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

In recent years, however, interest in the profession has plummeted, leading to a national shortage of at least 5,000 reporters, according to the Association for Court Reporters and Captioners. Yet court reporting ticks a lot of boxes on jobseekers' wish lists, says Irene Nakamura, a court reporter in California for more than 30 years and Rodriguez's mentor. In 2022, Rodriguez made about $235,315 as a freelance court reporter, according to tax documents reviewed by CNBC Make It. Court reporters also must pass a state-approved exam in order to become certified. In addition to their base salary, court reporters are compensated on a per-page basis for transcripts they produce during court proceedings, according to Nakamura.

Persons: Cynthia Rodriguez, Rodriguez, Irene Nakamura, Nakamura Organizations: Association for Court, CNBC, Bakersfield Community College, National Court Reporters Association, Superior Court Locations: Bakersfield , California, U.S, California, Delano , California, Bakersfield, Kern

☆ Analysis: Investment banking faultlines trigger European job shake-up
▼ + stars: | 2023-05-19 | by ( Sinead Cruise | ) www.reuters.com time to read: +5 min

Applications for financial services roles globally rose by 67% in the first quarter of 2023 against the same period last year, according to eFinancialCareers. Britain has already said it will scrap a cap on bank bonuses under plans to attract global financial sector talent. Worries about possible contagion triggered by the frailty of the U.S. regional banking system have also put some bank staff on a quest for more secure employment, sources say. Duncan Finlayson, managing director of the FinTech & Financial Services practice at Raines International, said some wanted meetings with chief financial officers to better understand the financial health of prospective employers. "Without a doubt some of the more established financial services platforms are under more heavy scrutiny," he said.

☆ Some remote jobs will still be hot in 5 years, and others 'might not exist,' economists say—how to know the difference
▼ + stars: | 2023-05-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Remote jobs are vanishing. As of November 2022, remote jobs made up less than 14% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles. The remote job market might be shrinking, but there is a silver lining for the millions of workers craving flexibility: Though some remote jobs will disappear, others will continue to be in demand for a long time. The remote jobs that 'might not exist' in five yearsCompanies are hiring fewer people for remote roles in the U.S. that can be outsourced to cheaper workers overseas or replaced with AI, says Bloom. Other remote jobs that "might not exist in five years" are in industries that prioritize office culture and see remote work as "less optimal, less productive," says Rachel Sederberg, a senior economist and research manager at the labor analytics firm Lightcast.

Government officials, worried about a constrained labor force in a state where population growth has stalled, have taken a cover-the-waterfront approach. After raising starting wages from $17 an hour to around $24 and overhauling hiring strategies, Drees still has 200 open jobs at this and two nearby facilities, where he is hoping to add to current staffing of 1,200. That reshuffling may be one reason the Fed is finding it harder than expected to slow a job market struggling to match workers into open positions. Minnesota has had a particularly large imbalance: The 12-month moving average of available positions last year reached 2.75 for every unemployed person. "Nowadays you look online and there are just hundreds of day-shift job positions," he said.

☆ Remove these 7 buzzwords from your resume: Having too many ‘just looks like fluff’
▼ + stars: | 2023-04-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

A majority, 69%, stick to one page, according to resume writing site Kickresume, which recently analyzed 176,220 resumes written in 2022. When it comes to the content of one's resume, there are various rules to keep in mind. Another thing to remember: Avoid overusing popular buzzwords that clutter and don't necessarily help make the case for your candidacy. But "if you're using a collection of these or if you're using one of these words multiple times throughout your resume, it's not a good look." When writing your resume, consider, "What was the impact of what you did?"

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