DIRS.INFO The most relevant business & tech news

☆ A former investment banker who changed careers has 3 tips if you're considering switching industries
▼ + stars: | 2024-10-07 | by ( Jaures Yip | ) www.businessinsider.com time to read: +7 min

Angie Chen left investment banking to become a campaign marketer after feeling burned out. AdvertisementOne year after starting her investment banking job, Angie Chen received her bonus. "I used to feel so cool saying I worked in finance, in investment banking, I'm not going to lie," she told Business Insider. Chen, who made content about her investment banking career on TikTok, said that her social media inspired her to consider entering the marketing industry. Network with 'warmer contacts'While cold messaging on LinkedIn is a common strategy, Chen suggested trying to obtain "warmer contacts," or contacts suggested by mutual connections.

Persons: Angie Chen, Chen, —, I'm Organizations: Service, US Bureau of Labor Statistics

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates remain in the low 5% range, according to Zillow data. Average Refinance Mortgage Rates TodayRefinance rates have inched up after dropping in September. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: they're, they've, you'll, Freddie Mac, it's, They'll Organizations: of Labor Statistics, Federal, Zillow, Fed Locations: U.S, Chevron

Since the Fed will likely be able to take a slower approach to lowering rates, mortgage rates are unlikely to go down further this year. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are around 6%, according to Zillow data. In September, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop much in October.

Persons: they're, you'll, Freddie Mac, it's, they've Organizations: Bureau of Labor Statistics, Federal, Zillow, Fed Locations: U.S, Chevron

☆ What a hot job market means for inflation
▼ + stars: | 2024-10-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —The US job market is still piping hot. That comes after the Federal Reserve last month cut interest rates by a jumbo half-point, signaling that it is turning its attention from tamping down inflation to keeping the job market steady. But some warn that a still-strong labor market could make it more difficult for inflation to continue cooling. That’s because a low unemployment rate and hot job market underline a strong American consumer, whose spending helps drive up the cost of goods and services. Consumer inflation eased to its slowest annual pace since February 2021 in August, continuing a trend of cooling down in recent months.

Persons: FactSet, ”, Seema Shah, “, Gina Bolvin Organizations: New, New York CNN, Bureau of Labor Statistics, Federal Reserve, Investors, “, Fed, Asset Management, Labor Statistics, Bolvin Wealth Management Group, International Longshoremen’s Association, United States Maritime Alliance Locations: New York, July’s, Israel, Iran, Russia, Ukraine

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 6%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are in the low 5% range, according to Zillow data. Average Refinance Mortgage Rates TodayRefinance rates are a bit higher today after dropping in September. Last month, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%.

Persons: they've, you'll, Freddie Mac, it's, refinance Organizations: of Labor Statistics, Labor, Federal Reserve, Zillow, Fed Locations: U.S, Chevron

☆ Falling home prices and fed-up residents show the Texas housing boom is slowing
▼ + stars: | 2024-10-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +8 min

The Texas housing market has cooled after a frenzy of activity during the pandemic. The shift in attitudes is an indicator for the state's housing market, which boomed during the pandemic. Median home prices in Texas have fallen around 7% from their highs in mid-2022, according to data from Redfin. The decline is an outlier compared to the broader US housing market, which is still prices hovering around record highs. But those issues are minor relative to things like economic growth and housing affordability, Fairweather says, which she described as two of the biggest factors that could determine if the Texas housing market picks back up.

Persons: Austin, —, Peter Hoholick, Roe, Wade, Hoholick, it's, James Willoughby, Willoughby, he's, Redfin, William Wheeler, Price, Daryl Fairweather, " Fairweather, Fairweather, they're, Samuel Cobb, couldn't, Cobb, hasn't, We're Organizations: Lone Star, Service, Texas —, Lone Star State, realtors, Texas, Census Bureau, . Texas realtors, Bureau of Labor Statistics, BI Locations: Texas, Austin, California, Dallas, Amarillo, Florida , Texas, LendingTree, Fort Worth, Arlington, East Texas

Friday’s jobs report is expected to show another relatively healthy month of payroll gains, alongside a stable unemployment rate. At the moment, there is little light at the end of the tunnel for those job seekers. The unemployment rate was expected to be unchanged from August, at 4.2%. While the economy continues to add jobs at a steady clip, signs of ongoing labor market weakness have become unmistakable. Last week, the Conference Board’s closely watched consumer confidence survey fell by the largest amount since August 2021, driven largely by concerns about the labor market.

Persons: Dana M, Peterson, Guy Berger, ” Berger, Berger, precariousness Organizations: Labor Statistics, Conference, Conference Board, Glass, Federal Reserve Locations: U.S

☆ US economy added 254,000 jobs in September, logging surprisingly robust growth
▼ + stars: | 2024-10-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. “The outlook for the economy in the months ahead is quite favorable, according to the September jobs report. As job gains dropped off from their once breakneck pace, economists were quick to note that the labor market was merely slowing and not at risk of imminent collapse. “The labor market is strong,” she said.

Persons: “, ” Brian Bethune, —, Chris Rupkey, ”, Elise Gould, Gould, Jerome Powell, September’s, it’s, ” Bethune, ‘, ’, Josh Hirt, ” Hirt, they’ve Organizations: CNN, Employers, Bureau of Labor Statistics, BLS, Boston College, Service, Federal Reserve, FwdBonds, Economic Policy Institute, Federal, Vanguard, Boeing

☆ Why one firm is skeptical about the blockbuster September jobs report — and is still expecting another jumbo rate cut
▼ + stars: | 2024-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. AdvertisementThough most on Wall Street are cheering September's blowout labor report, not everyone is so sure the labor market is booming. Advertisement"The extremely low response rate to the payroll survey waves a red flag," the firm wrote on Friday. The firm scrutinized last month's payroll strength against the fact that other labor market indicators have shown a pullback in hiring. Meanwhile, this week's JOLTS data prompted Deutsche Bank to question how tight the labor market really is.

Persons: —, Larry Summers Organizations: Macroeconomics, Service, Deutsche Bank, of Labor Statistics, Conference, Federal, Bank of America Locations: joblessness, tanked

☆ Here's where the jobs are for September 2024 — in one chart
▼ + stars: | 2024-10-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The September jobs report was surprisingly strong , and the details show that growth came from many different areas of the economy. Within hospitality, food services and drinking places saw jobs jump by 69,000. Professional and business services grew by 17,000 jobs, which is a notable change for a category that had shed jobs in recent months. The only caution flag could be the rise in those with multiple jobs," Roach said. Two key areas that lost jobs last month were manufacturing and transportation and warehousing, though each category shrank by fewer than 10,000 jobs.

Persons: Jeffrey Roach, Roach Organizations: of Labor Statistics . Government, LPL Financial

☆ Job interviews: How young people can ace them
▼ + stars: | 2024-10-04 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

CNN —Megan Rathmell thought she’d bombed her job interview earlier this year, assuming her nervousness and lack of preparation had cost her the opportunity. SDI Productions/E+/Getty ImagesWhat Rathmell learned from her boss mirrors what hiring managers say: Some Gen Z college graduates are unprepared for job interviews or behave unprofessionally during job interviews. Some people think they can just wing a job interview, said Stacie Haller, chief career advisor at ResumeBuilder. How to handle the actual job interviewDressing professionally for both in-person and virtual interviews is important regardless of whether it’s for a fast-food restaurant, retail store or office job, experts said. When you’re given the chance to ask questions, ask what you’ve prepared.

Persons: Megan Rathmell, she’d, “, ”, Rathmell, unprofessionally, Nathan Mondragon, Mondragon, Stacie Haller, Haller, you’ve, it’s, Nicolas Roulin, you’ll, Roulin, they’re, don’t, —, you’re, they’ll Organizations: CNN, SDI, US Bureau of Labor Statistics, Saint Mary’s University, United, Services Locations: Virginia, ResumeBuilder, Canada, Colorado, New York

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.90%, according to Zillow data. Current 15-Year Mortgage RatesAverage 15-year mortgage rates are in the low 5% range, according to Zillow data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.

Persons: Freddie Mac, it's, Fannie Mae Organizations: Fed, ADP, Bureau of Labor Statistics, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Starbucks invests in two innovation farms to help climate-proof its coffee
▼ + stars: | 2024-10-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

A sign outside of the Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. More than a decade ago, Starbucks bought its first coffee farm, in Costa Rica. For Starbucks, which buys 3% of the world's coffee, the shortages can mean scrambling to find Arabica beans — and higher prices for its customers. Consumer coffee prices have risen 18% over the last five years as of August, according to the Bureau of Labor Statistics. The Coffee Belt refers to the equatorial region with the ideal conditions to grow coffee beans.

Persons: it's, La Nina, Roberto Vega Organizations: Starbucks Center, Starbucks, Consumer, Bureau of Labor Statistics Locations: Seattle , Washington, Costa Rica, Seattle, Guatemala, Brazil

☆ Friday’s jobs report could be the last normal one for a while
▼ + stars: | 2024-10-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —September’s jobs report, due out Friday morning, is expected to show that the US labor market has slowed somewhat but remains on solid footing. While September’s employment data is expected to stay relatively tame, the same can’t be said for the October jobs report, which is set to be released on November 1, just days before the presidential election. The strikes and hurricane-related effects “are not going to permanently alter the trajectory of the labor market; but September is probably our last clean reading on the labor market for a while,” Ryan Sweet, chief US economist at Oxford Economics, told CNN earlier this week. The August jobs report, which showed better-than-expected estimated 142,000 payroll gains and a drop in the unemployment rate, went a long way to quell those fears. It showed that the jobs market is in “stasis,” Wells Fargo economists wrote in a note issued Tuesday.

Persons: bode, Lydia Boussour, ” Ryan Sweet, Helene, ”, Erica Groshen, They’ve, “, Andrew Challenger, Wells, Noah Yosif, ’ Sweet, Ejindu Ume, “ We’re, ” Ume Organizations: CNN, Federal Reserve, Boeing, Gulf Coasts, Oxford Economics, of Labor Statistics, Cornell University School of Industrial and Labor Relations, Employers, Challenger, Labor Department, Pantheon, Labor, BLS, “, American Staffing Association, Oxford, Miami University in Locations: EY, Hurricane, East, Gulf, Miami University in Ohio

☆ Here's everything to expect when the September jobs report is released Friday
▼ + stars: | 2024-10-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

"The jobs market is slowing down and becoming less tight," said Katie Nixon, chief investment officer at Northern Trust Wealth Management. Then there are the monthly revisions that have been dramatic at times, causing the Labor Department to overcount hiring by more than 800,000 for the 12-month period through March 2024, adding uncertainty to jobs market analysis. The Bureau of Labor Statistics will release the report at 8:30 a.m. Looking for cluesStill, markets will in fact be watching the report closely. At the same meeting where they approved the reduction, policymakers indicated another half percentage point, or 50 basis points, in cuts before the end of 2024 and another full percentage point in 2025.

Persons: Angus Mordant, Nonfarm, Dow Jones, Katie Nixon, We've, there's, David Kelly, Helene —, JPMorgan's Kelly, Kelly Organizations: Bloomberg, Getty, Federal Reserve, Trust Wealth Management, Labor Department, Asset Management, Labor Statistics Locations: Albany, Latham , New York

☆ Treasury yields fall as investors look to fresh economic data
▼ + stars: | 2024-10-01 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET the yield on the 10-year Treasury was down by over three basis points to 3.7638%. The 2-year Treasury yield was last more than two basis points lower to 3.6289%. U.S. Treasury yields were lower on Tuesday as investors looked ahead to fresh economic data and weighed comments from Federal Reserve Chairman Jerome Powell. On Monday, he indicated that if economic data remained consistent, two more rate cuts could come this year but in smaller, 25-basis-point increments. More Fed policymakers are set to give remarks throughout this week, which investors will be following closely alongside the latest data releases.

Persons: Jerome Powell, Powell Organizations: Treasury, U.S, Federal, Investors, P Global U.S, Manufacturing, ISM, PMI, U.S . Bureau of Labor Statistics, Labor, Survey

☆ Massive port strike could have 'devastating consequences' for consumers, expert says
▼ + stars: | 2024-10-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera | Afp | Getty ImagesU.S. port strike could cause inflationOverall, the U.S. economy has notched steady progress in lowering inflation, but in most cases price increases are only slowing — not falling outright. However, "the port strike could cause renewed goods-side inflation," she said. At the time, goods weren't hitting the shelves as quickly as consumers wanted them, which drove up prices. The U.S. port strikes could have a similar effect, "setting up a scenario reminiscent of the pandemic-era logistics crisis," Saidel-Baker said.

Persons: Giorgio Viera, Lauren Saidel, Baker, Lisa DeNight, Newmark, CNBC's, Amir Mousavian, Mousavian Organizations: Afp, Getty, Bureau of Labor Statistics, ITR, ILA, United States Maritime Alliance, University of New England's College of Business Locations: Miami, Miami , Florida, U.S

☆ A sign of strength in the labor market: Job openings increased in August
▼ + stars: | 2024-10-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —The number of available jobs in the US grew in August, signaling an undercurrent of strength in the labor market at a time when its vitals are being carefully monitored by the Federal Reserve. There were an estimated 8.04 million job openings in August, up from an upwardly revised 7.71 million in July, according to new data released Wednesday by the Bureau of Labor Statistics. The latest Job Openings and Labor Turnover Survey report kicks off a week chock-full of critical economic data for the US labor market, culminating with the Friday jobs report. The health of the job market has leap-frogged inflation to become the top concern for the Fed, which cut its benchmark interest rate last month for the first time in four years. Alternatively, available jobs shrank across many service sectors, including finance, and arts and entertainment.

Persons: what’s Organizations: CNN, Federal, Bureau of Labor Statistics, Labor

☆ These are the 10 most valuable college degrees—all but 1 help grads earn six figures
▼ + stars: | 2024-10-01 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +5 min

Electrical engineeringMedian salary: $115,000$115,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 47.6%2. Computer engineeringMedian salary: $112,000$112,000 Unemployment rate: 2.1%2.1% Percentage of workers with advanced degrees: 38.8%3. Petroleum engineeringMedian salary: $100,000$100,000 Unemployment rate: 0.9%0.9% Percentage of workers with advanced degrees: 39.2%4. Aerospace engineeringMedian salary: $105,000$105,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 48.9%5. Mechanical engineeringMedian salary: $100,000$100,000 Unemployment rate: 1.9%1.9% Percentage of workers with advanced degrees: 38.9%7.

Persons: Bankrate, It's, Get Organizations: Survey, Computer, Petroleum, Aerospace, Bureau of Labor Statistics, Actuaries, CNBC

☆ Stock futures are flat after S&P 500 closes at a record to end winning September: Live updates
▼ + stars: | 2024-09-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures were little changed on Monday evening, after the S&P 500 closed at a record to end September. S&P 500 futures inched lower by 0.1%, while Nasdaq 100 futures were just below the flatline. In the regular session, the S&P 500 and the 30-stock Dow notched closing records. All three major averages posted monthly gains, and it was the first positive September for the S&P 500 since 2019. The S&P 500, Dow and Nasdaq Composite also ended the third quarter in positive territory.

Persons: Jerome Powell, nonfarm, Dave Sekera Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Federal, Investors, Morningstar, Traders, International Longshoremen's Association, Gulf Coasts, U.S, U.S . Bureau of Labor Statistics, Labor, Survey, P Global U.S, Manufacturing, ISM, PMI Locations: New York City, U.S, Gulf

☆ The job market is rough right now. 7 young professionals share what they think sets them apart.
▼ + stars: | 2024-09-30 | by ( Maria Noyen | Mykenna Maniece | ) www.businessinsider.com time to read: +3 min

Many cited soft skills, including having patience and the ability to speak with different people. And yet, those we consider pioneers and leaders in the tech, finance, and business industries almost always respond with soft skills. In October 2023, Business Insider's Tim Paradis reported that soft skills have become increasingly in demand in the years following the COVID-19 pandemic. AdvertisementIn short, it's young professionals who'll be setting the standard of success at work for years to come. Here's what they said — and how their answers reflect qualities business leaders also emphasize.

Persons: —, Warren Buffett, Mark Zuckerberg, it's, Tim Cook, there's, Tim Paradis, Norman Bacal, Paradis, millennials, Glassdoor, Amanda Hoover, who'll, Gen Zers Organizations: Service, Labor Statistics Locations: NYC

☆ 6 strategies to help mitigate rising car and home insurance costs
▼ + stars: | 2024-09-30 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +8 min

While overall inflation has slowed, insurance costs are taking a bigger bite out of many household budgets. Car insurance premiums have also shot up. Bankrate estimates that in September the average cost for full coverage car insurance is $2,348 a year. Extreme weather events, higher replacement and repair costs, and increased medical expenses after accidents have boosted car insurance rates, experts say. Car insurance discounts range from safe driver and good student discounts to taking a defensive driving course.

Persons: Mike Spiering, Francesca Spiering, Joe Raedle, Shannon Martin, that's, Afilalo, Mike Barrett, Tayfun, David Carothers, Loretta Worters, you've, Rod Griffin, They're, You've, Bankrate's Martin, Price Organizations: Bureau of Labor Statistics, Autoinsurance.com, Barrett Insurance Agency, Anadolu, Getty, Independent Insurance Agents, of America, Florida Risk Partners, Insurance, Federal Emergency Management Agency, University of Pennsylvania's Wharton Risk Center Locations: Hollywood , Florida, St, Johnsbury , Vermont, Fork, New Mexico, United States, Florida, Valrico , Florida, U.S

Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters' grocery costs. Although Harris released more detail Wednesday as part of her 82-page economic plan, it's still unclear what price hikes her administration would see as illegal "price gouging." Generally, Republicans support fewer economic regulations, although Trump has suggested limiting food imports as a way to lower grocery prices. What is price gouging? Thirty-seven U.S. states already have laws that forbid price gouging in emergencies.

Persons: Kamala Harris, Doug Emhoff, Angela Weiss, Donald Trump, Harris, it's, Walz, Trump, YouGov, Rakeen Mabud, Mabud, Mario Tama, markups, —, Jerome Powell —, Sarah Gallo, Brian Cornell, Jharonne Martis, Brandon Bell, Kroger, Arun Sundaram, Sundaram, JBS, Joe Raedle Organizations: Democratic, AFP, Getty, Trump, Bureau of Labor Statistics, Voters, Federal Reserve Bank of Kansas, Consumer Brands Association, Federal Trade, Department of, Kroger, Procter, Gamble, Albertsons, Federal Trade Commission, CFRA Research, Pilgrim's Pride Corporation Locations: Coraopolis , Pennsylvania, Los Angeles , California, Federal Reserve Bank of Kansas City, Houston , Texas, Miami , Florida

☆ Apple's surprising new AirPods hearing aid feature might actually be a success
▼ + stars: | 2024-09-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Apple's AirPods Pro 2 now feature FDA-approved hearing aid capabilities. The Hearing Aid feature in Apple's AirPods Pro 2 is designed for people with mild to moderate hearing loss, and Apple said it can amplify voices, phone calls, and media sounds. So I sought out an expert in the hearing loss community to get a better understanding of whether we should expect Apple's hearing aids to be a hit or miss. The Over-the-Counter Hearing Aid Act of 2017 made it legal for the FDA to regulate the sale of hearing aids that don't require a prescription or a trip to the audiologist. As the daughter of a woman who suffers from hearing loss, I've witnessed my mother's denial of her struggles.

Persons: Apple's, —, Apple, Katherine Bouton, Bouton, Bose, I've Organizations: FDA, AirPods, Service, Food and Drug Administration, of America, Apple, Costco, Walmart, Bureau of Labor Statistics

☆ The job market is reaching a turning point that will usher even steeper Fed rate cuts, top economist says
▼ + stars: | 2024-09-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The job market is about to see a big shift that could bring faster Fed rate cuts, David Rosenberg said. That will emphasize the need for faster Fed rate cuts, he said in a note to clients. The ratio of the vacancy rate to the unemployment rate has tumbled in recent months. It's the unemployment rate that's moving up (+0.5 percentage points this year alone), while the vacancy rate has stabilized." "As the labor market eases, we'll see more modest changes in the vacancy rate and larger changes in the unemployment rate.

Persons: David Rosenberg, —, Rosenberg, we've, Powell Organizations: Service, Rosenberg Research, Bureau of Labor Statistics, Fed, Atlanta

Search resuls for: "Labor Statistics"

25 mentions found