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About 120,000 workers walked out of the job in 2022 — roughly 40,000 more than in 2021. Per new Bureau of Labor Statistics data, the number of major work stoppages that began in 2022 was higher than in 2021. Other data suggests that work stoppages of all sizes soared in 2022. All told, even BLS's official accounting of major stoppages shows an increased appetite for walking out. However, it still pales in comparison to previous highs; in 1952, the year with the highest recorded number of major stoppages, there were 470 walkouts.
Social media and social networks may be beneficial for these new job seekers — like LinkedIn. Similarly, Wen Huber was able to find a new job after being laid off by posting on LinkedIn, according to a Wall Street Journal article. "We are seeing this in real-time as the LinkedIn community has rallied around each other throughout the pandemic and even more so now in light of layoffs." For Huber, he said that "as a social media manager, I believe social media can be a great opportunity for some." Have you used social media to find a new job?
The current hiring market is competitive, but companies can take steps to attract Gen Z job seekers. Gen Z is no different. When looking for job opportunities, Gen Zers — those currently under the age of 26 — will be attentive to things that may not have been prioritized by previous generations. Talent-development expert Chelsea Williams, whose national workforce and development company Reimagine Talent works closely with many Gen Z professionals, shared six things companies need to prioritize in order to stand out to Gen Z job seekers. Connect job applicants with new Gen Z hires as much as you can during the interview and hiring process.
Inflation stays stubbornly high in January
  + stars: | 2023-02-14 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +2 min
US inflation leaped 6.4% in January, above the forecast of 6.2%. The consumer price index (CPI) leaped 6.4% in January from a year ago in January 2022, according to unadjusted data out Tuesday from the Bureau of Labor Statistics. That means the year-over-year change surpassed the median forecast of 6.2%. Additionally, this means CPI in January from a year earlier was just short of December's year-over-year change of 6.5%. Tuesday's data showed inflation continued to come down amid a strong labor market in January where a surprising 517,000 jobs were added.
It costs to be single: Americans living alone are facing a "singles tax" that costs thousands. A recent Zillow analysis compares how much more single Americans are paying to live alone in a one-bedroom place, compared to couples in the same spots. The results: On average, solo Americans are paying a "singles tax" of almost $7,000 every year. Those three all have singles tax of above $10,000 per Zillow's analysis on one-bedrooms. Silvia Tergas, a financial planner with Prudential, told Insider the singles tax is also reflected in the actual tax system, which largely benefits married couples who file jointly.
"It's absolutely true that AI applications like ChatGPT can very much improve workers' lives," Mark Muro, a senior fellow at the Brookings Institution previously told Insider. But if used correctly, ChatGPT can help some workers with tasks and save them time while doing so. Insider spoke with six workers in sectors that include education and real estate who are using ChatGPT to make their jobs easier. A realtor with eXp Realty also used ChatGPT for a listing in Iowa that was highlighted in a CNN post. Now two months later, LaRue told Insider she uses ChatGPT "everyday" to help write proposals, video scripts, and press releases.
Come March, millions of Americans will see their SNAP benefits drop drastically, some by over $200. As seen in the map, around 30 states and Washington, DC, would be affected by the abrupt cutoff of SNAP benefits. Based on figures from FRAC, 393,341 households in Alabama for instance would receive emergency allotments of SNAP in February 2023. Now, Plata-Nino said, states are scrambling to get the word out to residents that their benefits are being dramatically reduced. Are you worried about your SNAP benefits shrinking?
Alli Hoff Kosik is a freelance writer who recently read "The 4-Hour Workweek" by Timothy Ferriss. Having read Ferriss' book only recently, I don't feel quite ready to begin cutting my work hours way down. I especially appreciated the following takeaways from "The 4-Hour Workweek." Tim Ferriss is the author of "The 4-Hour Workweek" and a proponent of "mini retirements." "The 4-Hour Workweek" argues you can work less and still get stuff done.
"Resenteeism" is aiming to join the worker's lexicon alongside "quiet quitting." It describes being openly apathetic about work, but being reluctant to quit due to anxiety about job security. The job market is still going strong, but Americans are anxious about tech layoffs and a possible recession. Resenteeism involves keeping your job when you don't want to — namely, when you're worried about job security or a lack of other opportunities available. What makes resenteeism different from normal 9-to-5 blues, in theory, is that you're more open with your dissatisfaction at work.
According to Joblist's second quarter of 2022 report, 26% of "job seekers who quit their previous job" regret the move. Kristen is still hoping things will work out and that she will land a job soon, but is feeling some regrets. I wish I would've not quit my first job," Kristen said. "I wish so many different things would've fallen into place. But, at the end of the day, I can't wish things away."
AI may be beneficial for paralegals and other white-collar jobs, but it may affect the demand for these workers. Here are four kinds of white-collar jobs that could be replaced by AI. ChatGPT and other kinds of AI can save workers, job seekers, and others some time on tasks. It could take over some jobs, including those considered white-collar work. Below are four different kinds of white-collar jobs that may be less in demand or be at risk due to AI in the future.
It's still a good time to apply and get a job according to labor market data, survey results, and experts. "The best job seeker's market in over 50 years"According to Julia Pollak, chief economist at ZipRecruiter, now is a great time to find a job. "If I was a job seeker I would think this is still a job seekers' labor market," Nick Bunker, economic research director for North America at Indeed Hiring Lab, told Insider. But this is still very much a labor market that's giving lots of advantages to people who are looking for new work." Despite the strong labor market, some workers out of work or impacted by recent layoff announcements may have a hard time finding a job soon.
The US added 517,000 jobs in January, starting the year with surprisingly strong job creation. January's job growth far surpasses the forecast of 185,000 jobs added. The US added 517,000 jobs in January, according to nonfarm payrolls data from the Bureau of Labor Statistics. Job growth in December was revised from 223,000 to 260,000. Fed Chair Jerome Powell pointed out how job growth has been at a press conference Wednesday after the Fed increased interest rates by 25 basis points.
The issue brief stated that a "10% increase in median childcare prices was associated with 1 percentage-point lower county-level maternal employment rates." "High childcare prices and minimal public childcare investments are especially detrimental to employment among mothers with lower wages, as childcare affordability is out of reach," the researchers wrote. Childcare costs have outpaced inflation during the pandemic, according to one recent report, and the lion's share of childcare duties have fallen on women during the pandemic, causing them to leave the workforce en masse. Childcare workers made a mean hourly wage of $13.31 as of 2021, with the bottom 10% earning about $9 an hour. That's as childcare workers are more than twice as likely to live below the poverty line as those in other industries.
Not having to commute could mean getting to partake in leisure activities — or more time to get work done. A working paper looked at how people working from home are using their time saved by not commuting. In the US, 23 minutes of this time saved goes to jobs, 19 minutes on leisure, and four minutes on caregiving. Looking at just the results for these wealthy democracies, the US stands out for its lack of minutes saved. This isn't just the case for remote workers in the US; other countries like France also saw workers using most of their saved time on work.
But Rhode Island, Delaware, and Ohio may also be great states for retirees. That's according to Insider's analysis of various datasets to find the best states for retirees to live in. Based on our methodology, 20 states ranked above Florida. According to our analysis and methodology, there were 20 states that ranked above Florida. The following are 20 states that may be great for retirees.
While net international migration in 2022 wasn't as high as in 2016 — the high point for immigration between 2010 to 2022 — it's still the highest since 2017. Additionally, the authors note that 2022 is the "first time net international migration increased since 2016." The US would have had about two million more immigrants if not for those policies, Insider estimated based on the average growth rate from 2011 to 2016 for net international migration. According to Peri, "the number of immigrants who can come in legally is constrained" by laws and procedures that haven't really changed. Since entering office, President Joe Biden has reversed a number of Trump's restrictive immigration policies, although a number of them are still in place.
The White House released data showing how many student-loan borrowers applied for or were deemed eligible for Biden's debt relief. This data was collected before two lawsuits blocked the implementation of the debt relief. The White House released data on Friday morning showing how many borrowers applied, or were deemed eligible, for Biden's debt relief plan before the legal challenges. The Supreme Court will be taking on two lawsuits that blocked Biden's debt relief. And the other lawsuit was filed by two student-loan borrowers who sued because they did not qualify for the full $20,000 amount of relief.
US gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022. The US closed out 2022 with cooling inflation, economic uncertainty, and concerns about when a recession may happen. The US economy's gross domestic product grew at an annualized rate of 2.9% in the fourth quarter of 2022, according to the advance estimate. The fourth quarter print means that the US economy saw a small slow down from the third quarter's annual rate of 3.2%. While the US closed out 2022 with GDP rising, GDP shrunk in the first two quarters of 2022.
Many workers are classified by employers as independent contractors, rather than employees. The Biden administration has proposed a rule making it easier for gig workers to be counted as employees. NELP finds that 10% to 30% of employers — and potentially more — misclassify workers as independent contractors, "which indicates that several million workers nationally may be misclassified." Truck drivers misclassified as independent contractors may lose between $11,076 and $18,053, according to EPI's estimates. The Biden administration is taking aim at misclassification, hoping to crack down on it and offer an easier pathway for independent contractors to be considered employees.
Job site Indeed recently published its list of the "Best Jobs of 2023." This job has a six-figure salary per Indeed, and it may be possible to do this job outside of an office. But this was just one of the tech jobs that ranked high on the list. Despite news of layoffs at major tech companies like Microsoft and Amazon, a post from Indeed about the new list stated that "tech jobs still dominate Indeed's list of best jobs for 2023," noting that the top three were all tech ones. "Most companies need software engineers, most companies need developers, data engineers, cloud engineers," Shah added.
Data shows a boom in small businesses likely to employ workers, suggesting job growth could keep going well into the future. Small businesses have seen their openings soar, compared to larger businesses, from where they stood before the pandemic. While openings for small businesses are not as high as they were in spring 2022, there still are more openings in these kinds of businesses than big ones. Yet Swonk remains optimistic that small businesses will prevail. "Although small businesses fail at a much higher rate than any other businesses out there, I have some hope in the traction that they've already gained," she said.
"Gen Zers value transparency and are generally more open to having salary discussions than previous generations," said Adobe's global head of university talent. While some US graduates and future talent may want to know pay when they are looking for jobs, some states actually have pay transparency laws. Pay transparency laws can have pros for employers, current workers, and job seekers. It can also save time, Zweig said, noting that "workers won't apply to firms that don't meet their compensation expectations." "In addition to simplifying the offer negotiation process, salary transparency helps employers close wage gaps across gender, race, and background," Sabhahit told Insider.
Despite economic uncertainty, US workers are confident about the job market, LinkedIn data suggests. The findings point to American workers' resilience, nearly three years since the pandemic began. A recent LinkedIn survey of more than 2,000 US employees conducted in December offers fresh insight into how workers feel about the job market in 2023. Roughly two-thirds of American workers are considering changing jobs this year, mainly to boost their salary and improve their work-life balance, according to the results. At a time when many organizations remain desperate to hire and keep employees, American workers have seen their leverage in the job market grow.
"I think that in some ways quiet quitting is the natural sequel to the Great Resignation," professor Adam Grant said. But so has been the Great Resignation, which has seen a massive number of workers actually leaving their jobs. James Detert, a professor of business administration at the University of Virginia, detailed in a post on The Conversation how the Great Resignation, quiet quitting, and unionization efforts at big companies are actually similar. As noted during the panel and seen in previous coverage from Insider, "quiet quitting" isn't actually a new thing. The Great Resignation, and thus its "sequel" of quiet quitting, may continue in 2023 and be sticking around.
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