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☆ Inflation is falling for Americans, but it's probably not enough to slow the Fed's next interest rate decision this week
▼ + stars: | 2023-05-02 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

This week, the Federal Reserve will likely announce the third interest rate hike this year. But a pause on interest rate hikes could be in the cards in June. There was a massive slowdown in the year-over-year percent change in the Consumer Price Index from February to March — dropping from 6.0% to 5.0%. The personal consumption expenditures price index also suggests a cooldown but is still elevated, with the year-over-year rate falling from 5.1% in February to 4.2% in March. Following the March interest rate hike, Warren wrote on Twitter that "Powell made a mistake not pausing its extreme interest rate hikes."

☆ The gig economy boom is over as workers go back to traditional jobs, Bank of America says
▼ + stars: | 2023-04-29 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

But this could also be due to attractive wage growth in traditional jobs per the report and Zhou. Additionally, some gig workers could be "rotating into the traditional job market because the wage growth in the traditional job market has been so phenomenal," Zhou said. The report stated that "for those gig workers who also have a traditional job, large wage increases in their primary jobs could mean less need to make up any shortfall in the gig economy. Gig workers who also hold traditional jobs are typically in sectors like restaurants and retail, which have seen especially high wage growth. And while the share of gig workers doing delivery or social commerce has dropped, the analysis shows the share for ride-hailing has mainly been trending upward.

☆ Here are the highest-paying jobs in America
▼ + stars: | 2023-04-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Lawyers, nurse anesthetists, and emergency medicine physicians are all high-paying jobs. The average annual salary for cardiologists far exceeded other jobs, with an average of $421,330. Cardiologists had an average pay of $421,330, while the national annual average for all occupations was $61,900. These two jobs had average pay of about $160,000 — $163,310 and $163,770 respectively. Below are the 30 highest-paying jobs, along with each occupation's total employment estimate and average annual pay.

☆ The US economy slowed dramatically at the start of 2023
▼ + stars: | 2023-04-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

The advance estimate for GDP from the Bureau of Economic Analysis shows the US economy is slowing. US GDP grew at annualized rate of 1.1% in the first quarter of 2023. That's below the forecast of 2.0% and way below the 2.6% annualized rate in the fourth quarter of 2022. That's based on the advance estimate for gross domestic product (GDP). In short, the economy remains on the edge of a swamp – not in recession yet but close to one."

☆ Half of households in New York City don't make the $100,000 or more needed to afford living there
▼ + stars: | 2023-04-26 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +3 min

New York City is experiencing a rapidly worsening affordability crisis, according to a major new report. Half of all of New York City's working-age households can't afford their basic needs, the study found. Households in all parts of the city need to make at least $100,000 to afford the cost of living, according to the TCL. New York City has failed to build enough affordable housing and keep costs reasonable for its diverse array of residents, experts say. And city's worsening affordability crisis is driving some out.

☆ An AI recruiter may be choosing if you get your job — and people aren't happy about it
▼ + stars: | 2023-04-25 | by ( Aaron Mok | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Companies like Goldman Sachs and Unilever have used AI tools in their recruitment efforts. 66% of American adults don't want to apply for a job that uses AI to hire, per a Pew Research Center study. Companies are using AI to make hiring decisions — and many Americans aren't happy about that, according to a recent study from the Pew Research Center. Companies have been using AI to help vet job applicants at varying levels of success. 32% of the survey respondents think using AI to hire is actually a good idea.

☆ Looking for a new career? Here are 30 high-paying, fast-growing jobs that are set to boom over the next decade
▼ + stars: | 2023-04-24 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

How we came up with our list of the best jobs of the futureThe above 30 jobs both pay above the median annual wage and are poised to grow over the next decade. The Bureau of Labor Statistics releases annual employment projections of how various jobs will grow or decline over the next decade. A higher geometric mean would mean a higher rank. Wage data is for May 2021 from the Bureau's Occupational Employment and Wage Statistics program. We only included jobs that pay over $45,760, the median wage for all occupations, because we were interested in jobs that are both expected to grow and pay well.

☆ Why America's childcare system is crumbling and its workers are begging for help
▼ + stars: | 2023-04-23 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Childcare workers earn less than half what the average US worker earns — and many are quitting. One Montessori school has seen people quit and had to raise tuition in order to cover staff pay. Almost all of the childcare workers in this story asked to be referred to by first name only, out of fear of professional repercussions. And childcare workers specifically in child daycare services make an average of $12.40 an hour. Sinead, a 24-year-old childcare worker in West Virginia, makes even less than the national average for childcare workers, with pay of $9.50 an hour.

☆ More students are learning to be mechanics, chefs, and construction workers as college enrollment shrinks
▼ + stars: | 2023-04-20 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Construction, culinary, and mechanic trade programs all saw enrollment increase last year. Across construction, culinary, and mechanic trade programs, all experienced increases in enrollment between spring 2021 to 2022, the study found. Enrollment in culinary programs increased 12.7% and 11.5% in mechanic and repair trade programs over the same time period. Prior to the pandemic, these sectors were experiencing labor shortages in skilled trade workers, particularly in construction, according to data from the Federal Reserve Economic Data. Overall, total college enrollment was down 4.1% from spring 2021 to spring 2022.

☆ 15 top companies for career growth according to LinkedIn
▼ + stars: | 2023-04-19 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

LinkedIn released its list of great companies in the US for career growth, and Amazon took the top spot. LinkedIn released its annual list of the greatest US companies for career growth. While the companies may be good for long-term career growth per the new analysis, some have made headlines for job cuts. Top locations in the US included below are places that "employed the largest percentage of each company," per LinkedIn. The most notable skills noted for some of the companies below are based on "the most frequent unique skills among a company's employees, relative to other companies," per LinkedIn.

☆ The 10 best entry-level jobs that don't require a college degree and their starting salaries
▼ + stars: | 2023-04-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Indeed analyzed different jobs that don't have a four-year degree requirement, along with other requirements. To find the best entry-level jobs that don't need a degree, Indeed looked at occupations that don't have a four-year college degree requirement, want zero to three years of experience per job descriptions, and pay over $40,000 a year. "In general, for the entry-level jobs that don't require a degree, we did see a little bit of a pattern with a demand for technical skills," Kristen Shah, a career expert at Indeed, told Insider. "This job has an average annual salary of $59,000, and we did find 189% job share percentage increase." Below are the best entry-level jobs that don't usually need a four-year degree based on the jobs that were included in Indeed's methodology.

☆ One chart shows how many more hours married women spend on housework than their husbands in 5 different types of opposite-sex marriages
▼ + stars: | 2023-04-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Pew Research Center compared the hours opposite-sex married couples spend on housework and caregiving. The chart below shows the average time spent per week on housework and caregiving duties for five different kinds of income arrangements for opposite-sex marriages. Wives in these wife-primary-earner marriages spend about 11 hours a week on housework and caregiving compared to their husbands' almost 8 hours a week. 57% of US adults said American society values the "contributions men make at work." Men and women pretty much said the same thing — 55% of men and 58% of women answered this way.

☆ The 10 best jobs for new college graduates and their average starting salaries
▼ + stars: | 2023-04-15 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Indeed used salary information, job demand, work experience, and degree requirements to find the best jobs for graduates. "Sales is always going to be a job that's in demand to meet" a company's needs to make money, per career expert Kristen Shah. This sales job, according to Indeed, performs sales duties with different customers via face-to-face. "As we look at things like supply chain management, jobs in that sector are definitely growing in demand." The following are the 10 jobs that made the top of Indeed's list, ranked by the change in the share of job postings.

☆ Get ready for a Goldilocks summer featuring a job market that's neither too hot nor too cold
▼ + stars: | 2023-04-12 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +5 min

It's set up a Goldilocks situation heading into summer, where the job market is cooling, but not enough to have an adverse effect on the average American. That could mean a summer of fewer price spikes at the grocery store, and less businesses scrambling to hire, while workers maintain some power in the job market. "We're still in a hot labor market," Nick Bunker, the economic research director for North America at Indeed Hiring Lab, told Insider. Getting to a just-right job marketBunker told Insider the US job market is getting close to something that looks like what we saw prior to the pandemic. If they did, it would represent a job market tipping into the "too cold" zone.

☆ The Fed is winning its war on inflation — and it means America could avoid a painful recession
▼ + stars: | 2023-04-12 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

It's a slowdown from the February's 6.0% reading, and it shows the Fed's war on inflation is working. That 5.0% inflation rate is the lowest since May 2021. While the Fed isn't planning on cutting interest rates this year, the latest economic data is a hint that a pause could be on the horizon. The bank's collapse amplified Powell critics' calls to pause interest rate hikes because of the economic uncertainty the debacle prompted. That along with too-high shelter and core inflation possibly keeping the Fed in a rate-hiking mindset means a recession isn't completely off the books.

☆ Inflation took a massive plunge in March
▼ + stars: | 2023-04-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

That's according to the year-over-year increase of the Consumer Price Index for March. The Consumer Price Index increased 5.0%, the lowest rate since May 2021. Inflation as measured by the Consumer Price Index (CPI), soared by a 5.0% year-over-year increase in March, less than the year-over-year increase of 6.0% in February. Core CPI, which excludes volatile food and energy prices, increased by 5.6% year-over-year per data that wasn't seasonally adjusted. The Fed has continued to fight inflation with interest rate hikes.

☆ A 25-year-old entrepreneur shares the marketing budget she uses to build her successful professional and personal brands
▼ + stars: | 2023-04-11 | by ( Alexandra York | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Alexa Curtis, the founder of a blog and mentorship company, shares her $5,000 monthly budget. She says social media, marketing, and personal branding are the most important investments. For her personal brand, she spends about $350 each month on a branding coach who helps her decide what message she wants to project through her work. But GrasshoppHer relies more on monthly and annual membership fees to grow, and the new business has more opportunities for sponsorships, Curtis said. courtesy of CurtisSince merging companies, "it's becoming less of a personal brand," Curtis said.

☆ Black Americans are more likely to be working than white Americans for the first time on record
▼ + stars: | 2023-04-07 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com time to read: +5 min

In March, the Black employment-population ratio was above the white employment-population ratio for the first time since at least 1972. The unemployment rate for Black Americans also hit a record low of 5.0% in March. The employment-population ratio measures the share of a group that has a job, meaning that for the first time on record, Black Americans are more likely to currently be working than white Americans. Additionally, the unemployment rate for Black Americans fell by 0.7 percentage points to 5.0% in March, the lowest rate on record, according to Black unemployment data starting in 1972. Which is what makes March's low unemployment rate for Black Americans, and a higher employment-population ratio than the white employment-population ratio, so novel.

☆ The job market is clearly starting to slow down
▼ + stars: | 2023-04-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

The US added 236,000 jobs in March less than the revised gain for February. The job gain in March was also below February's revised gain. While the payroll gain in March was below February's job creation, the labor market is still showing some strength, according to today's report and Job Openings and Labor Turnover data. Job openings tumbled by 632,000 in February to 9.9 million. However, the level is still above the 7 million openings in February 2020 before the pandemic.

☆ The most and least deadly big US cities for bicyclists
▼ + stars: | 2023-04-05 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Tucson, Arizona; Detroit, Michigan; and Jacksonville, Florida, were the deadliest big cities for cyclists in 2020. Florida, Louisiana, and Arizona were the deadliest states when it came to cyclist crashes with motor-vehicles. Tucson, Arizona, was the deadliest big city for cyclists with 1.26 deaths per 100,000 people, according to NHTSA data on US cities with more than 500,000 people. Beata Zawrzel/Getty ImagesThe vast majority of cyclist deaths — 79% — happen in urban areas, according to a fact sheet from NHTSA. The League ranks Massachusetts, Oregon, and Washington as the best states for cyclists, and Wyoming, Nebraska, and Mississippi as the worst.

☆ Here's where everyone in America is moving to
▼ + stars: | 2023-04-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Insider looked at domestic migration data from the Census Bureau to see how people have recently moved around the US. "During the height of the pandemic, many small counties experienced higher levels of domestic migration, while many large counties saw lower levels of domestic migration." Lots of counties in New York saw negative net domestic migration. This county saw negative net domestic migration of 43.7 per 1,000 people. Queens County, New York, also had a large estimate for negative net domestic migration per 1,000 residents among large counties.

☆ How 3 years of work from home have changed the US economy forever
▼ + stars: | 2023-04-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

From the labor market to business establishments, remote work has had many impacts on the economy. This likely will continue to be true, as experts told Insider remote work is here to stay. "And because the world of work has changed, it has implications for the US economy." "Remote work has been a huge and permanent change to how people work and live," Ozimek told Insider. Here are some of the ways remote work has changed workers and the economy.

☆ This one map shows the fastest-growing and fastest-shrinking counties in the US
▼ + stars: | 2023-03-31 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The Census Bureau released county-level population estimates for July 1, 2022, along with net migration and natural change estimates for counties, on Thursday. Additionally, among these 10 large counties with the highest percent increases were five Texas counties. Dawson County and Lumpkin County in Georgia were the two Georgia counties that were among the 10 fastest-growing large counties. The following are the large counties that saw the largest percent declines during this time frame. However, Lassen County in California had the greatest percent decline among these large counties, falling by 6.0%.

☆ The 25 best companies to work for in New York
▼ + stars: | 2023-03-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Comparably analyzed employee feedback on its site to find the best companies to work for in the New York metro area. Based on anonymous responses on Comparably, Squarespace ranked No. Other companies on this metro area list included StubHub, Stack Overflow, and Ocrolus. Remote workers who noted their office is in the New York metro area were included in the analysis. Below are the top 25 on Comparably's New York list.

☆ The 25 best companies to work for in the Bay Area
▼ + stars: | 2023-03-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Comparably published its latest iteration of the top companies to work for in the Bay Area. The ranking also included those who work remotely but noted their office is in the San Francisco Bay Area. That includes the annual ranking for the best companies to work for in the San Francisco Bay Area. Therefore, Comparably also used the ratings of those who work remotely at least part of the time, but who noted a Bay Area office. Below are the top 25 companies in the Bay Area.

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