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☆ Private sector added twice as many jobs as expected in October
▼ + stars: | 2024-10-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

CNN —Private sector hiring blew past expectations in October, another sign that the US labor market remains on solid footing, payroll processor ADP reported Wednesday. Non-governmental employers added 233,000 jobs in October, a sharp acceleration from the 159,000 net increase reported for September, according to ADP’s latest National Employment Report. Wednesday’s gains throttled economists’ expectations for job growth to slow to a mere 108,000 jobs from the initial estimate of 143,000, FactSet estimates show. Pantheon Macroeconomics is sticking with its forecast of 100,000 payroll gains, according to an investors note sent Wednesday. And while a resurgence in the labor market could raise concerns about a reacceleration in inflation, October’s ADP data showed otherwise, Richardson said.

Persons: Nela Richardson, Hurricane Helene, ADP’s tabulations, ” Richardson, Richardson, “, Irma, ” Samuel Tombs, Milton …, Wednesday’s, ” Organizations: CNN, ADP, Boeing, Labor Department, of Labor Statistics, Pantheon, Companies, Federal Reserve Locations: Hurricane Milton, Carolina, Florida, Milton, South Atlantic

☆ There are cracks forming in the US jobs market
▼ + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, ” Locations: Oxford

☆ Fed Chair Powell just said the labor market is getting vulnerable. Friday’s jobs report could prove why
▼ + stars: | 2024-08-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, ” Locations: Oxford

☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

☆ 83% of Gen Z say they're job hoppers. Here's how to handle old workplace retirement funds
▼ + stars: | 2023-09-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Office communication is becoming far more casual, and Gen Z is leading the shift, new research has found. Job hoppers earned increasingly more than job stayers during the Covid-19 pandemic, but gains have languished. Wages for "job switchers" were 5.6%, as wages for "job stayers" slid 5.2%, according to Atlanta Fed data. However, job hopping won't necessarily make work difficulties disappear. As your funds keep growing for your retirement, keeping tabs on your old workplace accounts after you switch jobs can help ensure you aren't losing track of those accounts over time.

Persons: Sophia Bera Daigle, Bera Daigle, Daigle, haven't Organizations: Workers, Atlanta Fed, CNBC FA Locations: Austin , Texas

☆ Now that summer is almost over, people are looking for new jobs. Here's what you need for your next job hunt
▼ + stars: | 2023-09-02 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +2 min

Now that summer is starting to fade, the search for jobs is heating up. Now that summer is starting to fade, the search for jobs is heating up. It's sort of like a psychological thing, like: 'Oh, I should start looking,'" Steinitz told Insider. Applying for jobs can feel like a job itself, but be patient throughout this process. AdvertisementAdvertisementAnd if you aren't on the job hunt, beware of joining the growing contingent of "grumpy stayers" — people who are reluctantly stuck at their jobs amid a cooling labor market.

Persons: Here's, Mike Steinitz, Robert Half, Steinitz, here's, Brett Organizations: Service, Columbia Business School Locations: Wall, Silicon

☆ 'Loud laboring' and 'quiet thriving' rank among the buzziest workplace trends. Here's what you should know.
▼ + stars: | 2023-08-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Quiet quitters and grumpy stayers grabbed headlines, but other workplace trends are gaining steam. More recently, "quiet thrivers" and "loud laborers" have been enjoying their time in the spotlight. Now, new trends such as "quiet thriving," "loud laboring," and "lazy girl jobs" are picking up steam. 'Loud laboring'"Loud laborers" sit among quiet quitters and grumpy stayers in modern workplaces. Dubbed the noisier cousin of quiet quitters, you are more likely to find "loud laborers" discussing their work rather than actually getting on with it.

Persons: stayers, Lesley Alderman, Insider's Sawdah Bhaimiya, Alderman, it's, demotivated, Nicole Price, TikToker Gabrielle Judge, Marc Cenedella Organizations: Service, LinkedIn, CNBC Locations: Wall, Silicon, Washington

☆ No one knows how much they should care about work right now
▼ + stars: | 2023-08-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

If you're not sure how much to care about work, or what it means to you, you're not alone. Work blurred into life, and life blurred into work, suddenly making my personal errands the same as work. In the wake of our existential reckoning with work, some office workers flipped the script, making life their full-time job and work a part-time pursuit. Lazy girl jobs and a window of opportunityRight now, we're in the "uncomfortable" middle of work, as Klotz calls it. The opportunity to job hop may be dwindling, but that doesn't mean work has to settle into 2019 norms.

Persons: Anthony Klotz, It's, Klotz, " Klotz, Chris Bailey, Bailey, Nick Bloom, Bloom, it's, stayers Organizations: Service, University College London School of Management, Workers, Stanford Locations: Wall, Silicon

☆ Meet the grumpy stayers: People stuck in their jobs who can't leave for better gigs
▼ + stars: | 2023-07-23 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

He's one of the country's "grumpy stayers": workers who are reluctantly staying put in a cooling labor market. Grumpy stayers are in some ways the next iteration of quiet quitters, rattled by layoffs and fewer opportunities. In other words, grumpy stayers might be feeling left behind, with salaries lagging behind those of their peers who've departed. No room for improvementA theme across grumpy stayers is that they don't want to be grumpy, but work conditions make them that way. One solution, she said, would be for companies to engage with their grumpy stayers and lean more on their expertise to solve problems.

Persons: didn't, Jose Gonzalez, he's, hasn't, Gonzalez, Gonzalez isn't, they'd, stayers, Elizabeth, she'd, Erica Groshen, who've, Groshen Organizations: Service, Cornell University's School of Industrial and Labor Relations, Companies Locations: Wall, Silicon, Massachusetts, Texas

☆ First there was quiet quitting. Now it's become grumpy staying.
▼ + stars: | 2023-06-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Quiet quitting is getting louder as more unhappy workers are staying put. Welcome to grumpy staying, in which workers begrudgingly skate by in a tightening job market. Gallup's 2023 State of the Global Workplace report, which surveyed 122,416 workers across the world, found that 59% of employees are quiet quitting — and 18% are "loud quitting." Welcome to "grumpy staying," where workers don't have the leverage to quit, and some aren't too pleased about staying. Are you grumpy staying at your job?

Persons: —, Insider's Ashley Stewart, Stewart, Nela Richardson, hasn't Organizations: Service, Privacy, Workers, Microsoft, Gallup, ADP Locations: Salesforce

☆ The 'great resignation' has become the 'big stay,' says economist: How Gen Z, millennials can benefit
▼ + stars: | 2023-05-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

After two years of record-high quits, the "great resignation" could be fizzling out. But the great resignation, a trend that spawned a million colloquialisms and widespread panic among bosses, isn't driven entirely by economics. "The great resignation, at its core, is a people shock," Richardson explains. The labor market is 'starting to re-balance'The demand for talent and supply of candidates is finally evening out. While there are still a lot of job openings, these numbers are nowhere near the historically high level that spurred the great resignation.

☆ Will wages outpace inflation for long? It depends on the job
▼ + stars: | 2023-05-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Wages are now finally beating inflation, according to the latest quarterly data on wage growth. That was the biggest monthly increase since March 2022, though wage growth had gradually slowed since then. “The folks who left one company and went to another are the ones who are still benefiting from wage growth,” said Morgan Llewellyn, chief data scientist at Jobvite. Part of the continued strength in wage growth largely has to do with employers’ difficulty in hiring, which varies by industry. “Wage growth has still been higher for job changers than job stayers and that suggests that there’s still a shortage of labor for some companies,” said Dawn Fay, operational president at staffing firm Robert Half.

(Joe Raedle/Getty Images)Private companies added more jobs than forecast in February, according to payroll company ADP. An estimated 242,000 jobs were added last month, higher than the forecast of 200,000 and more than double the revised 119,000 added in January. The job growth was fairly broad-based, with industries such as leisure and hospitality, services, and financial activities seeing some of the larger gains. Pay growth for “job stayers” slowed to 7.2% in February, the slowest pace seen during the past 12 months. “We’re seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated.

☆ If you want higher pay, your chances are better now than in 6 months, says expert: 'Make your moves as soon as possible'
▼ + stars: | 2023-01-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Higher pay has been needed to keep up with inflation. Wage growth, based on average hourly earnings, is up 4.6% from a year ago. watch now"People who switch jobs are much more likely to be getting a raise above inflation than people who are staying in their jobs," Zhao said. But with a possible economic downturn looming, workers seeking higher pay face a more complex decision as to whether to stay or go. With pay rates so competitive now, even some laid-off workers are finding higher offers than what they were earning before, according to Pollak.

☆ Jim Cramer's top 10 things Thursday: Strong jobs, Amazon cuts staff
▼ + stars: | 2023-01-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

The life sciences and medical diagnostics company is doing so much to help its share price that I find this downgrade curious. Piper Sandler cuts price target on Cyberark Software (CYBR) to $160 per share from $190, suggesting more room to drop. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Workers still quitting at high rates — and getting a big bump in pay
▼ + stars: | 2023-01-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Filadendron | E+ | Getty ImagesThe share of workers who quit their jobs jumped in November for the first time since last spring — and they're getting a big pay bump for moving, data shows. The labor market remains strong by historical standards, characterized by a high level of job openings and low layoffs. That translates to ample opportunity for workers, who generally get an increase in pay when they accept a new position. In other words, the average consumer lost buying power because rapidly rising prices for goods and services outstripped pay growth. Wage growth has moderated a bit from 2021, though remains strong relative to its pre-pandemic trend, Bunker said.

☆ Has your boss recently given you a nice raise so you'll stay? Are you an employer paying workers more not to quit? Tell us about it.
▼ + stars: | 2023-01-02 | by ( Tami Luhby | ) edition.cnn.com time to read: 1 min

New York CNN —Workers who stick with the same employers are enjoying the biggest raises in nearly a quarter century. In November, the median wage growth over the past year for job stayers was 5.5%, according to the Federal Reserve Bank of Atlanta, which began keeping records in 1997. (Job switchers have had it even better, with a median wage growth of 7.7%.) CNN wants to hear from workers who recently received hefty pay hikes to entice them to stay at the same company and from employers who are doling out generous raises to retain their staffs.

☆ Employees Are Using Job Offers to Win Big Raises From Their Employers
▼ + stars: | 2022-11-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Employers, not surprisingly, hate that people are using job offers as bargaining chips. That strategy may work for employers in a normal job market, when it's hard to find another job, let alone a better-paying one. "Employees are finding that there's a big gap between where they are and what they can get." "The job market is still performing very well," says Jay Denton, the chief analytics officer at LaborIQ, a compensation-data provider. Independence, it turns out, pays way, way better than loyalty.

☆ The Great Resignation isn't paying off like it was this summer
▼ + stars: | 2022-11-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The Atlanta Fed's Wage Growth Tracker shows wage growth for job switchers has slowed. However, wage growth is still stronger for job switchers than job stayers. However, wage growth for job switchers was still above overall wage growth in October of 6.4%. Although wage growth may have slowed from this summer for job switchers, it's still higher than the growth of their peers who have stayed in their positions. "As the economy slows, job switchers will increasingly have to make the trade-off between higher pay for less job security."

☆ Services sector boosts U.S. private payrolls in October
▼ + stars: | 2022-11-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

The pick-up in private hiring shown in the ADP National Employment report on Wednesday was concentrated in the services sector, specifically the leisure and hospitality industry. "A tight labor market and rising wages will complicate things for the Fed and the risk is the labor market could remain tight for quite some time," said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina. Economists polled by Reuters had forecast an increase of 195,000 private jobs. According to a Reuters survey of economists, private payrolls likely rose by 200,000 jobs last month after rising by 288,000 in September. With no job gains expected in the government sector, overall nonfarm payrolls are also forecast to have increased by 200,000.

☆ Northerners flocked to the South for cheap homes and abundant jobs. Now some are ready to pack up and leave.
▼ + stars: | 2022-11-01 | by ( Emily Cataneo | ) www.businessinsider.com time to read: +14 min

Hauser is originally from Wisconsin and moved to North Carolina seven years ago for work. And questions over abortion rights are fueling concerns about the future of access to birth control and gender-affirming care. The North Carolina Business Council, for one, declined to comment because this is "not an area of focus" for the group. Chuck Bryan is an IT professional who moved to North Carolina from Florida five years ago. He cited Kansas' referendum to preserve abortion rights as an example of what can happen when people use their voice in politics.

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