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Julia Pollak - 1 Allison Shrivastava - 1 Shrivastava - 1 ZipRecruiter's Pollak - 1 Mariah Carey - 1 Pollak - 1
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☆ Why the 'great resignation' became the 'great stay,' according to labor economists
  + stars: | 2024-12-23 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +2 min
Sdi Productions | E+ | Getty ImagesThe U.S. job market has undergone a dramatic transformation in recent years, from one characterized by record levels of employee turnover to one in which there is little churn. In short, the "great resignation" of 2021 and 2022 has morphed into what some labor economists call the "great stay," a job market with low levels of hiring, quits and layoffs. "The turbulence of the pandemic-era labor market is increasingly in the rearview mirror," said Julia Pollak, chief economist at ZipRecruiter. How the job market has changedEmployers clamored to hire as the U.S. economy reopened from its Covid-fueled lull. Big causes for the great stayEmployer "scarring" is a primary driver of the so-called great stay, ZipRecruiter's Pollak said.
Persons: Julia Pollak, Allison Shrivastava, Shrivastava, ZipRecruiter's Pollak, Mariah Carey, Pollak Organizations: Sdi, ZipRecruiter, clamored, Finance, U.S, U.S . Federal, Fed Locations: U.S, U.S .
☆ Silicon Valley's job cuts are everybody else's gain as tech workers find exciting new opportunities outside Big Tech
  + stars: | 2022-12-21 | by ( Diamond Naga Siu | Rebecca Knight | ) www.businessinsider.com   time to read: +7 min
Recruiters and other experts tell Insider that tech workers are in especially high demand in sectors including insurance, healthcare, retail, government, and banking. As you may expect, the traditional tech industry remains the largest employer of tech workers, the experts say. ZipRecruiter's Pollak said the turmoil in Big Tech was pushing "some tech workers to explore opportunities outside" the usual suspects for the first time. Tech job creation and hiring numbers remain strong, but layoffs keep coming, underscoring a tech labor market in flux. As for how laid-off tech workers ought to position themselves for these jobs, the Hired Guns recruiter Hemming has some advice.
☆ All those tech workers who've been laid off this year? New data suggests they're going to be just fine in the job market.
  + stars: | 2022-12-13 | by ( Rebecca Knight | ) www.businessinsider.com   time to read: +6 min
You could do worse than an exit package from Big TechNearly 150,000 tech workers have lost their jobs in 2022, according to the layoff-tracking platform Layoffs.FYI. But tech workers are not likely to be out of a job for long. 'Pent-up demand' for tech workers in healthcare, defense, and bankingMost of the job growth for tech workers is in other industries, the Dice report found. The unemployment rate for the tech industry is hovering around 2%, according to an analysis by CompTIA, an industry association. "The arms race between tech companies on comp and benefits is over."
☆ Unlike recent recessions, office jobs are most at risk of layoffs in the coming economic downturn
  + stars: | 2022-09-25 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com   time to read: +8 min
Several blue-collar sectors are set to be protected from layoffs, while white-collar workers are at risk. Lee added to Insider that blue-collar workers like truck drivers used to be the "most vulnerable workers" but "office workers have always been considered protected." White-collar sectors hired quickly after the pandemic, and it could leave workers vulnerable in a downturnRecessions come in all shapes and sizes. Blue-collar jobs are still in demand and need more workersSeveral blue-collar sectors have only just recently recovered or are still making their way back. But not all blue-collar jobs will experience layoffs in the same way.
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