Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Daniel Zhao"


25 mentions found


Brewing worker resentment could fuel a 2025 quitting spree
  + stars: | 2024-11-20 | by ( Jennifer Liu | ) www.cnbc.com   time to read: +2 min
The job market could be poised for a fresh wave of people quitting, according to a new Glassdoor report. Employees' satisfaction in their career opportunities has been on the decline since 2022 after people settled into new roles following the post-pandemic hiring boom known as the Great Resignation. "People don't feel like the job market is working for them right now, even if you hear economists and policymakers talk about how strong and resilient the job market is," Glassdoor senior economist Daniel Zhao tells CNBC Make It. "The desire [to quit] is there, but the opportunities aren't," Zhao says. For example, some sectors, like housing, real estate and tech, could be buoyed by the Federal Reserve's interest rate cuts, Zhao says.
Persons: Daniel Zhao, Zhao, Terry Petzold, Donald Trump Organizations: CNBC, Fox Search, White
Staple’s plight highlights the unusually difficult situation of young Americans trying to kick-start their careers, even as the broader US economy remains in good shape. Indeed, the job market overall remains in decent shape. A ‘victim of circumstance’Everyday Americans are always at the mercy of the economy — whether it’s navigating difficulties such as high inflation and a recession, or a red-hot job market that benefits workers. Having a tough time landing that first job, in part because of broader economic forces, can have lasting consequences. “For young workers, their first few years out of school are very formative for their careers.
Persons: Kirsten Staple, ” Staple, That’s, , , Julia Pollak, ZipRecruiter’s, , they’re, Daniel Zhao, Zhao, Millennials, Jonathon Courtney, hasn’t, Courtney, I’ve, ” Courtney, who’ve, there’s, Catherine Dugoni Camille Larsen Catherine Dugoni, “ It’s, ” Dugoni, isn’t Organizations: Washington CNN, University of Texas, Labor Department, CNN, Federal Reserve, Employers, Glassdoor, University of Houston Locations: San Antonio, El Paso , Texas, , Houston, Sacramento , California, San Francisco
Additional disruptions from Hurricane Milton complicate the data collection for October's jobs report. To stimulate hiring, the Federal Reserve began cutting interest rates in September, and the jobs report will strongly inform its path forward. "I wouldn't expect these events to materially change how Americans view the economy before the election," DeAntonio said. For example, it noted in its release last week Hurricane Francine, which hit Louisiana in early September, "had no discernible effect" on the employment data it collected. Any effects from the hurricanes could lead to an October jobs report that shows a more pessimistic view of the economy than underlying conditions would suggest.
Persons: Helene, Milton, , Hurricane, Hurricane Helene, Hurricane Milton, Dante DeAntonio, Kamala Harris, Joe Biden, Daniel Zhao, DeAntonio, Francine, Guy Berger Organizations: Service, Hurricanes, Southern, Labor Department, Federal Reserve, University of Michigan's, Department, Labor, of Labor, Labor Statistics, Boeing, Bureau of Labor Statistics, Employees, Glass Institute Locations: Florida, North Carolina, Hurricane, Louisiana
Why so many entry-level jobs aren't entry-level
  + stars: | 2024-10-06 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +10 min
"That's really frustrating for entry-level job seekers like me," Goyenka told Business Insider. AdvertisementShe told BI that the volume of vacancies for entry-level tech roles has been declining for about three years in several countries where Generation operates. Generation found in a survey that 94% of employers required that applicants for entry-level tech jobs have experience working in a related field. Beyond raising their standards for entry-level positions, some employers in various industries simply aren't posting as many of these jobs. In a prior role, he spent more than 15 years filling staff-level tech jobs.
Persons: , Goyenka, He's, Daniel Zhao, Mona Mourshed, they've, Mourshed, Jason Henninger, Heller, Henninger, Corey Moss, Pech, Moss, It's, Jennifer Neef, Neef, Rod Danan Organizations: Service, Business, Glassdoor, LinkedIn, Arizona State University, BI, Employers, Florida State University, University of Illinois, Illini, Tech, Arizona State grad Locations: Bellevue , Washington, Urbana, Champaign
A new ADP Research Institute report shows employment for software developers has declined from January 2018. Related storiesJob-search platform Indeed has its own running index of job postings for the software development sector. Swallowing a pay cut is a tough ask for software developers who were earning top dollar just a few years ago." AdvertisementData from Handshake, a platform where students can look for work, suggests a cooler demand for software developers or engineers. Have you made a career change from or to software development or another tech job?
Persons: , Daniel Zhao, Glassdoor's, Zhao, Nela Richardson, Richardson, Nick Bunker, Bunker, Randy Tarnowski, Tarnowski, they're Organizations: Service, ADP Research, Business, North America, Bureau of Labor Statistics
The In-n-Out logo is displayed on the front of an In-n-Out restaurant on October 28, 2021 in Pleasant Hill, California. The new ranking doesn't surprise LaShawn Davis, a leadership and workplace culture expert who founded and runs consulting firm The HR Plug. Davis has worked in human resources for more than a decade, and says it's clear why In-N-Out Burger rivals those tech companies when it comes to leadership and culture. "It starts with the CEO," Davis tells CNBC Make It. In-N-Out's CEO is Linsi Snyder, 42, who took over her family's business at age 27 after a series of family deaths.
Persons: Burger, LaShawn Davis, Davis, Linsi Snyder, Snyder, NBC's, Lynsi Snyder, Lynsi Torres, Rod Association's Lucas, Bob Johnson, , Forbes —, Daniel Zhao, who've, Zhao Organizations: Nvidia, CNBC Locations: Pleasant Hill , California, Burger, Redding , California
The company with the best leadership in the U.S. isn't a tech titan or hospitality giant: It's management consulting firm Bain & Company. That's according to Glassdoor, which released on Tuesday its inaugural 50 Best-Led Companies ranking. The list measures how effectively bosses communicate and foster healthy company cultures, based on the workplace review website's anonymous employee ratings. Beyond Bain, the tech industry does occupy much of the list — 12 companies, more than any other sector. Consulting, finance and retail are the next-most represented industries, with six companies appearing from each.
Persons: Bain, Glassdoor, Daniel Zhao, Zhao, Nvidia Raymond James Organizations: Bain & Company, Consulting, CNBC, Equitable, Autodesk Bain & Company Locations: U.S
Starting Monday, fast-food workers in California at chains with more than 60 national locations earn $20 an hour, higher than the state's broader minimum wage of $16 per hour. California pay is already highwatch nowWhile the new fast-food minimum wage is among the highest in the U.S., California employers are used to paying more for their labor. Even when it is not mandated, restaurants usually find themselves paying more than the minimum wage to attract hourly workers. As a full-service restaurant chain, the company won't be obligated to pay its California workers $20 an hour. Advocates prepare to go biggerFrom start to finish, the California law, which was backed by the Service Employees International Union, has been controversial.
Persons: David Paul Morris, Gavin Newsom, Matthew Haller, Daniel Zhao, Zhao, Lauren Crabbe, she's, Crabbe, Matthew Clark, Jennifer B, Perez, I'm, it's, Newsom, Greg Flynn, Flynn Organizations: McDonald's Corp, Bloomberg, Getty, International Franchise Association, CNBC, Bureau of Labor Statistics, Service Employees International Union, Gov, SEIU Locations: Oakland , California, U.S, California, , California, Fresno, San Francisco, Long Beach
47% of workers said they felt worried about their job security, according to a 2023 survey conducted by McKinsey & Company. AdvertisementThe job market looks to be cooling off even as the economy looks like it is going strong. New LandscapeFor disgruntled workers, it may help to hear that CEOs also are getting pushed out at the fastest pace in decades. The job market is expected to slow in 2024, he estimated, pointing to the deceleration in hiring activity. AdvertisementTotal full-time workers declined in February, the first decline posted since the pandemic, according to the Bureau of Labor Statistics.
Persons: , Daniel Zhao, Zhao, Jamie Dimon, Andrew Challenger, Challenger, Zhao doesn't Organizations: Service, Business, Glassdoor, JPMorgan, McKinsey & Company, Challenger, Bureau of Labor Statistics
Middle managers are less confident about their companies' business outlook than other employees. They're under pressure to execute layoffs, RTO mandates, and stringent performance reviews. "Middle managers are under pressure to do more with less," Glassdoor's lead economist Daniel Zhao said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Daniel Zhao, , Glassdoor Organizations: Service, Business
The job market might look solid on paper — unemployment is low, job openings are high — but the reality for many Americans on the job hunt tells a different story. "I just think the numbers are underselling how hard it is for job seekers right now." Economists and recruiters say lingering expectations from the "great resignation" and businesses' fears about an imminent recession could be to blame for job seekers' malaise. "How people feel about the job market is informed by their recent experiences with the job market," Glassdoor chief economist Daniel Zhao recently told CNBC. So even if 2024 is shaping up to be a relatively healthy labor market by recent comparison, it doesn't feel quite as strong."
Persons: ghosting, Javier Serrano, Serrano, Daniel Zhao, Bert Bean, aren't, Zhao, it's, Dan Kaplan, Kaplan Organizations: LinkedIn, CNBC, Insight Locations: Orlando, boardrooms
The job market looks solid on paper. Over the course of 2023, U.S. employers added 2.7 million people to their payrolls, according to government data. Unemployment hit a 54-year low at 3.4% in January 2023 and ticked up just slightly to 3.7% by December. "The labor market has been fairly strong and surprisingly resilient," said Daniel Zhao, lead economist at Glassdoor. More than half, 55%, of unemployed adults are burned out from searching for a new job, Insight Global found.
Persons: Daniel Zhao, Jenna Jackson, it's, Jackson Organizations: Finance, Insight Global, Insight Locations: Ardmore , Pennsylvania
Tech has long been considered one of the most desirable industries to work in. Job search site Glassdoor recently released its Best Places to Work report based on current and former employee reviews. They singled out the best industries to work for based on the ones that showed up most on the list. Though it still topped the list, "tech is a little bit less popular this year just because of the news that they've had around layoffs and fears of recession," says Daniel Zhao, lead economist at Glassdoor. Twelve consulting companies made it onto Glassdoor's list, making it the second best industry to work for after tech.
Persons: they've, Daniel Zhao Organizations: Tech, Amazon, Microsoft, U.S, Bain & Company Locations: That's
Vargas, a special education instructor, has been mired for months in various stages of interviews for three teaching jobs. Employers' hiring rate fell sharply in 2023, Zhao said. They'll often toss out some number around 40, he told BI. AdvertisementHitting the numbers on job applications is also a priority for Kevin Cash, who previously told BI he's applied to more than 1,200 jobs and has mostly been ghosted. She's accepted a part-time job and plans to teach private classes for students learning English as a second language.
Persons: , Lynne Vargas, Vargas, Daniel Zhao, Cory Stahle, Zhao, Josh Bersin, Debbie Lovich, Lovich, Royal Siu, They'll, Siu, it's, Kevin Cash, They're, Jeff Calnan, Indeed's Stahle, Stahle, She's Organizations: Service, Business, Employers, Federal, BI, Boston Consulting Group, Navy, US Air Force Locations: Middletown , New York, Seattle, Woburn , Massachusetts
New York CNN —The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.
Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, , there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, , , Swonk Organizations: New, New York CNN, Federal Reserve, Labor, Workers, Challenger, , BLS, KPMG, CNN Locations: New York, Wells Fargo, United States
Remote workers and middle managers are often more vulnerable to layoffs, experts say. Remote workers who are anxious about job security should return to the office, one expert said. Still, there's likely to be more cuts on the way, experts say, and remote workers and middle managers may be prime targets. Middle managers are also vulnerable, experts say. Meta CEO Mark Zuckerberg said in 2023: "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."
Persons: , It's, there's, Ariel Schur, Andy Challenger, Mark Zuckerberg, Daniel Zhao, they're, Daniel Keum Organizations: Service, PayPal, ABS Staffing Solutions, Bloomberg, Wall Street, Meta, Columbia Business School
That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. Fresh data on job cuts and productivityOn Thursday, the layoff picture became clearer. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.
Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, , there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, , , Swonk Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, Labor, Workers, Challenger, , BLS, KPMG, CNN Locations: New York, Wells Fargo, United States
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
Maskot | Digitalvision | Getty ImagesWorkers are sour on the job market — but that pessimism may be somewhat misplaced. So far in 2024, for example, big technology firms including Amazon, eBay, Google and Microsoft have announced job cuts. U.S.-based companies planned about 722,000 job cuts in 2023, almost double those announced in 2022, according to Challenger, Gray & Christmas, an outplacement and executive coaching firm. watch nowHowever, those recent headlines mask strength in the overall job market, economists said. "It's still a very robust and resilient labor market overall," Pollak said.
Persons: Daniel Zhao, Zhao, it's, Mark Zandi, Zandi, they've, Julia Pollak, " Pollak Organizations: Digitalvision, Getty Images Workers, Amazon, eBay, Google, Microsoft, Citigroup, Universal Music Group, U.S, Challenger, Moody's, Federal Reserve Locations: BlackRock, U.S
For those seeking new job opportunities, geography could be one way to narrow the search. Personal finance company WalletHub recently looked at more than 180 cities across the country and ranked its best cities for jobs based on metrics such as job openings per job seeker and median annual incomes. Here are the top 10 cities for job search according to WalletHub. "This ensures there will be plenty of hiring opportunities for people entering the workforce," says Cassandra Happe, WalletHub analyst. 1 best U.S. city to live in is Cambridge, Massachusetts—see which other cities made the listMoving to a new city?
Persons: Cassandra Happe, Daniel Zhao Organizations: jobseekers, U.S Locations: WalletHub, Scottsdale , Arizona Tampa , Florida Salt Lake City , Utah Columbia , Maryland Austin , Texas Atlanta , Georgia Seattle, Washington Pittsburgh , Pennsylvania Plano , Texas Boston , Massachusetts Scottsdale, Tampa, Salt Lake City, Cambridge , Massachusetts, U.S
About a third, 29% want more flexible work hours, according to Monster's 2024 Work Watch Report. Job search site Glassdoor recently released its Best Places to Work report, including a list of the 100 best large companies to work for based on current and previous employee reviews. Glassdoor looked at which came up the most to decipher the best industries to work for as well. Here are their top four industries, including examples of jobs and how much they pay. TechThere were 31 tech companies on the list, crowning the industry as the best one to work for overall.
Persons: Glassdoor, Daniel Zhao, Zhao, Cassandra Happe, Booz Allen Hamilton, Fannie Mae Organizations: Workers, Tech, WalletHub, Companies, NVIDIA, Procore Technologies, VMWare, Bain & Company . Companies, McKinsey & Company, Booz, Huron Consulting Group, Bain & Company, Finance, Fidelity Investments, Mastercard, & $ Locations: Glassdoor
Zhao, Croucher, and career coach Stacey Perkins outlined four tips for job seekers in today's labor market. Make a job planPerkins, a career coach at organizational consulting firm Korn Ferry, suggested job seekers figure out a robust strategy for job searching, which doesn't mean simply submitting your résumé to many places. Perkins suggested looking at who you have a mutual connection with or identifying who you already know at the places noted on the list. AdvertisementFor people just graduating and looking for work, Croucher suggested looking for an internship first because it could be easier to get. AdvertisementBut job seekers should be picky about what they want to include.
Persons: , Daniel Zhao, Zhao, Rebecca Croucher, Croucher, Stacey Perkins, Perkins, Korn Ferry, you've, It's, it's Organizations: Service, Business, Labor Statistics hasn't, BLS, North Locations: North America, ManpowerGroup
Stephanie Keith | Bloomberg | Getty ImagesNovember's solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more. "Overall, the jobs market is doing its part to get us to a soft landing," said Daniel Zhao, lead economist at jobs rating site Glassdoor. The unemployment rate unexpectedly declined to 3.7%, easing worries that it could trigger a historically dead-on signal known as the Sahm Rule, which coordinates increases of the unemployment rate by half a percentage point to recessions. "The recession versus soft landing debate sort of misses the necessary nuances of this unique cycle," Sonders said. "A best-case scenario is not so much a soft landing, because that ship has already sailed for [some] segments.
Persons: Stephanie Keith, Daniel Zhao, nonfarm, Gus Faucher, Liz Ann Sonders, Charles Schwab, Sonders, Sanders, Schwab Organizations: Bloomberg, Getty, Labor, PNC Financial Services, PNC, University of Michigan's Locations: New York, U.S
Job Openings Fall Sharply, Suggesting Weaker Labor Market
  + stars: | 2023-12-05 | by ( Tim Smart | Dec. | At A.M. | ) www.usnews.com   time to read: +3 min
The number of job openings fell sharply in October, to 8.7 million from a downwardly revised 9.35 million a month earlier, according to the Labor Department. The number released Tuesday was lower than economists had forecast and suggests that the labor market is slowing as the year comes to an end. “Job openings dropped to 8,733,000 in October, the lowest level since March 2021. Despite some volatile jumps/drops month-to-month, job openings have been on a downward trend since early 2022,” Daniel Zhao, lead economist and senior manager on Glassdoor’s economic research team, posted on social media. The Federal Reserve will be looking at the latest readings on the labor market as they come one week before officials meet to consider monetary policy.
Persons: ” Daniel Zhao, Jeffrey Roach, Joanie Bily, ” Bily, , Jerome Powell Organizations: Labor Department, LPL, American Staffing Association, ” Nomura Securities, Hollywood, Government, Federal, Fed
The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8% that month — Labor Department data shows. That’s the lowest seasonally adjusted unemployment rate of any state on records going back to 1976, according to a CNN analysis. However, Maryland’s job market is still robust, with government and health care employers adding jobs at a brisk pace. Here’s a dive into the labor market of the state with the lowest unemployment rate in American history:Where the jobs areThe biggest industries in Maryland are government, health care, education and professional services. Fort Meade, a military base, is the largest employer in the state, according to Moody’s Analytics.
Persons: ” Christina DePasquale, Johns, Colin Seitz, , ” Seitz, There’s, , Mary Kane, what’s, Kane, ” Daniel Zhao, ” Zhao Organizations: DC CNN, — Labor Department, CNN, Baltimore, Fort Meade, University, of Maryland, Johns Hopkins University, Labor Department . State, Health, Johns Hopkins Carey Business School, Moody’s, Maryland, Bureau of Labor Statistics, Maryland Hospital Association, Labor, Maryland Chamber of Commerce, , Maryland Department of Labor, DC Locations: Washington, Atlantic, California, Lexington, Maryland, Fort, Florida, Texas, Virginia
Total: 25