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☆ 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

☆ Inflation came in hotter than expected in March
▼ + stars: | 2024-04-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

March's year-over-year increase was forecasted to be a higher rate than February's rate. The forecast for March's year-over-year increase in the CPI was 3.4%, a higher rate than the 3.2% increase or the 3.1% increase in February or January respectively. The rate came in above the forecast and was higher than February's year-over-year change. CPI increased 0.4% in March from the preceding month — same as the 0.4% surge in February. AdvertisementAverage hourly earnings increased 4.1% year over year to $34.69 an hour in March, which fell short of the 4.3% year-over-year increase in February.

Persons: —, That's, Julia Pollak, Pollak Organizations: Consumer, Service, Bureau of Labor Statistics, Business Locations: March's, That's

☆ A millennial shared how her family is pursuing their American dream after moving from Scotland to Florida. She's enjoying the beaches and weather but finds Florida can be expensive.
▼ + stars: | 2024-04-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +11 min

Now her family is living their American dream in South Florida. Peacock's family is just one example of people pursuing the American dream, which can mean different things to different people, like achieving homeownership. Some Gen Zers see the American dream has changed from how older peers may have seen it. For us, the American dream is also the weather and the beach lifestyle, and we have that." "We're legally entitled to do the last stage from within the country, but it's a very complicated and lengthy process," Peacock said.

Persons: Amber Peacock, Peacock, we'd, didn't, Zers, She's, We've, we've, America Peacock, they're, We're, Brit Peacock, Aunty Bubs, they've, It's Organizations: Service, Business, Sunshine State, YouTube Locations: England, Scotland, South Florida, America, New York, Florida, Edinburgh, Lincolnshire, Memphis , Tennessee, Tennessee, Memphis, Nashville, Nashville , Tennessee, Texas, Chicago, West, East

☆ Here's how much engineering students make in the middle of their careers
▼ + stars: | 2024-04-04 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +1 min

Mid-career median wages of bachelor's degree graduates who majored in engineering are robust. The median mid-career wage for four types of engineering majors was $100,000. Five types of engineering majors had a median wage above $100,000, including electrical and chemical. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Mid-career wages in this analysis means full-time workers between the ages of 35 and 45.

Persons: — Organizations: Service, New, Survey, Business Locations: New York

☆ 7 jobs that pay well and have a ton of hiring demand right now
▼ + stars: | 2024-04-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +2 min

There were about 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Openings for jobs have dropped from a rate of 6% in February 2023 to 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January.

Persons: —, Nick Bunker Organizations: Business, Service, Bureau of Labor Statistics, Bloomberg, North America

☆ The 12 top cities in the US where everyone is moving
▼ + stars: | 2024-04-03 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Eight Florida cities made the top 12 positive net domestic migration rates among metros. The Dallas metro area had the greatest total positive net domestic migration. The latest net domestic migration values from the Census Bureau were for the period of July 1, 2022, to June 30, 2023. Dallas-Fort Worth-Arlington, Texas, had the highest positive net domestic migration among metros, with a value of 60,457. Below are the US metros with the highest positive net domestic migration rates per 1,000.

Persons: — Organizations: Service, metros, Business, Fort Locations: Florida, Wildwood, Dallas, Fort Worth - Arlington , Texas, Houston, Pasadena, Woodlands, Texas, Tampa, St, Petersburg, Clearwater, Myrtle Beach, Conway, Myrtle Beach , South Carolina, Carolina

☆ 7 jobs that pay well and are still scrambling to hire
▼ + stars: | 2024-04-03 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +2 min

There were around 8.8 million job openings in the US in February. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Openings for jobs have dropped from a rate of 6.0% in February 2023 to a rate of 5.3% this past February. Tuesday's news release from the Bureau of Labor Statistics said February job openings "changed little at 8.8 million" since January. Across industries, here are the roles with a multitude of openings, or an urgent need to hire.

Persons: —, Nick Bunker Organizations: BI, Service, Bureau of Labor Statistics, Bloomberg, North America, Business

☆ How a former news producer turned her passion for art into a full-time business painting Louis Vuitton bags and other luxury items
▼ + stars: | 2024-03-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

While artists typically use a sketchpad, a canvas, or a digital tablet for their creations, Sobel is mainly painting luxury items like Louis Vuitton bags. Courtesy of Michele SobelWhile she considered painting her "lifelong passion," she had a passion for journalism too. "Michele Sobel Fine Art specializes in hand painting luxury leather goods, and it's kind of a twofold business," Sobel said. I just was kind of doing because I was following my passion, doing something that I love." AdvertisementSobel is now able to focus on her dream of hand painting work and original art.

Persons: Michele Sobel, I've, She's, Sobel, Louis Vuitton, I'm, Michele Sobel Fine, she's, Michael Kors Organizations: Service, Business, BI, Michele Sobel Fine Art Locations: Jersey

☆ 14 college majors where the typical graduate is making at least $100,000 by the middle of their careers
▼ + stars: | 2024-03-28 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +1 min

The New York Fed analyzed the mid-career wages of college graduates with a bachelor's degree. Those graduates aged 35 to 45 with one of 14 majors had a median wage of at least $100,000 a year. Nine of those 14 college majors were related to engineering. AdvertisementWhen undergraduate college students choose their majors, there can be several factors that go into their decisions. A New York Fed analysis of 2022 American Community Survey data found that college graduates who majored in one of 14 areas of study had a median mid-career wage of at least $100,000 a year.

Persons: — Organizations: New, Fed, Service, Survey, Business Locations: New York

☆ The top places in the US where everyone is moving
▼ + stars: | 2024-03-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

A Census Bureau press release said 62% of counties had "positive net domestic migration in 2023." All counties in Maine saw positive net domestic migration; most counties in California didn't. AdvertisementIn addition to the many Texas counties that saw positive net domestic migration, all counties in Maine and Delaware saw positive net domestic migration over that year. Additionally, a high share of counties in Tennessee, South Carolina, and North Carolina experienced positive net domestic migration. Two New York counties made the top 10 negative net domestic migration rates among big counties.

Persons: Kaufman, — Organizations: Service, Lone Star State, Bureau, Census Bureau Locations: Kaufman County , Texas, Maine, California, Texas, Vermont, Georgia, Kaufman County, Maine and Delaware, Tennessee , South Carolina, North Carolina, Massachusetts, Kaufman, Los Angeles County , California, Lassen County, York

☆ A millennial moved to Charleston from Nashville to get away from the bachelorette party scene. She's never been happier working her new dream job and paddleboarding in her new city.
▼ + stars: | 2024-03-24 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Kaelyn Dannenfelser said she's happier than ever after a job change and a move to Charleston from Nashville. AdvertisementKaelyn Dannenfelser, 28, said while she misses her friends in Nashville, Tennessee, and loved being able to live there, she's definitely not moving back. AdvertisementFor those looking to move to Charleston like her, she suggested spending time researching as there are several islands. While Dannenfelser hasn't been living in Charleston or in her new role too long, she's feeling much happier so far. Advertisement"I look forward to waking up in Charleston and waking up for my job," she said.

Persons: Kaelyn Dannenfelser, —, Kaelyn, she's, Dannenfelser, Shem, Paddleboarding, She's, I've, doesn't, didn't, I'm, Dannenfelser hasn't Organizations: Service, Census Bureau, Business, Charleston, BI Locations: Charleston, Nashville, Charleston . Charleston, Nashville , Tennessee, Charleston , South Carolina, Wando, North Charleston, South Carolina, Florida, LTK

☆ Charts show a sharp rise in the rate of young adults getting cancer before age 50
▼ + stars: | 2024-03-22 | by ( Mia De Graaf | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewThe rate of young adults being diagnosed with cancer has risen sharply in the past 30 years, particularly in high-income countries. AdvertisementBusiness Insider's analysis of young adult cancer rates in G20 countries shows a fast, uniform increase:While cancer screening has dramatically increased, helping to prevent cancer deaths, the rise in young cancer cases can't be accounted for by increased screening. "As clinicians, almost daily, we see young people have cancer where they're healthy, they're obviously young, they eat well, they do not have a genetic condition. AdvertisementPer a recent JAMA study, colorectal cancer is now the most common for people under the age of 50. A young cancer diagnosis is especially difficult, doctors sayA cancer diagnosis in your 30s and 40s comes with unique challenges.

Persons: —, millennials, Ogino, Chadwick Boseman, Boseman, Panther, Dr, David Liska, Liska Organizations: Service, Business, Harvard Medical School, Cleveland Clinic, American Cancer Society Locations: Western Europe, United States, Yale

☆ The fastest-growing and fastest-shrinking cities in the US
▼ + stars: | 2024-03-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

Wildwood-The Villages, Florida, saw its population increase 4.7% from July 1, 2022, to a year later. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Wildwood-The Villages in Florida saw the greatest increase from July 1, 2022, to July 1, 2023, among metros. Additionally, the data from the Census Bureau shows there were also a lot of metros with population percent declines during that time.

Persons: —, Kristie Wilder, Paul Mackun Organizations: Service, Bureau Locations: Florida, Napa , California, Ithaca , New York, Charleston, West Virginia, South, Wildwood, New Orleans, Metairie, Louisiana

☆ The Fed still probably isn't ready to give Americans the interest rate cuts they're hoping for
▼ + stars: | 2024-03-19 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Still, the door is open for rate cuts later in the year. AdvertisementThe nation's central bank is gearing up to make its second interest rate decision of the year, and it probably won't be the relief many Americans want to see. AdvertisementStill, while Americans may not see an interest rate cut this month, they could see one later on this year. But I still think interest rate cuts of one form or the other are likely this year." A group of Democratic lawmakers are also urging Powell to develop a timeline in which Americans can expect to see rate cuts.

Persons: Jerome Powell, —, Mark Hamrick, Hamrick, Powell, there's, we've, Nick Bunker, Julia Pollak, Pollak, Congressional Progressive Caucus — Organizations: Federal, Service, Fed, Financial Services Committee, North America, Democratic, Congressional Progressive Caucus

☆ 2 experts suggest these 8 side hustles to try this year if you're looking to make money outside your job
▼ + stars: | 2024-03-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +10 min

AdvertisementSide hustles can include building a profitable business, spending a few minutes on an online gig like survey work, or working a job that falls outside your typical 9-to-5. AdvertisementPet sitting or other kinds of care workAnother side job could be watching someone's pets or care-related side hustles. AdvertisementFood deliveryThere are several food delivery platforms people can try as a side job, such as Uber Eats. "You may be really passionate about art or that creative side, but that's not something that you do in your day job," Caban said. Have you made money from a side job or a side hustle?

Persons: Instawork's Kira Caban, Ted Rossman, —, Kira Caban, it's, Gen Zers, Rossman, Caban, Davis, Taylor Swift, Scott, Meghan Lim, Lim, Uber, Erin Couch, Couch Organizations: Service, Instawork, Business, BI, Baseball, Connect Locations: Nashville

☆ The 20 big companies with the best outlook according to workers
▼ + stars: | 2024-03-15 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Comparably published a list of top companies where employees feel there's a good outlook. Based on anonymous responses, Topgolf ranked at the top of the large company list. AdvertisementAmid the Big Stay in the workforce as the number of quits have dropped and a recent rise in the unemployment rate to a two-year high, a recent ranking suggests the top companies with the best outlook. Workplace-review site Comparably published this week which companies have the best outlook based on responses from workers who answered questions anonymously, such as about their confidence in the company's future success and their excitement about going to work. Advertisement"Comparably's annual Best Outlook list recognizes companies that have the most optimistic business prospects for the year ahead," Chad Herring, chief human resources officer of Comparably's parent company ZoomInfo, said in a statement.

Persons: Topgolf, —, Chad Herring Organizations: Adobe, Service, Business, Companies

☆ Schools are facing a dire teacher shortage. Less competitive pay for Gen Z and young millennials could make it worse.
▼ + stars: | 2024-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

A new ADP Research Institute report showed how teacher pay compares to the pay of all employees. Teacher pay as a share of the pay for all employees aged 20 to 25 has greatly fallen over the years. AdvertisementThere's a shortage of teachers, and young adults could be shying away from the profession as teacher pay becomes less competitive. And for teachers aged 25 to 30, that has increased from $49,427 in January 2018 to $59,780 in October 2023. Education isn't the only field that may have trouble attracting young job seekers.

Persons: ADP's Nela Richardson, —, Nela Richardson, Jeff Nezaj, Gen Zers, Richardson, Nezaj, Gen, It's, Aaron Terrazas, we've Organizations: ADP Research, Service, Business, Bureau of Labor Statistics, ADP Research Institute, Census, Denver, Denver Classroom

☆ Inflation unexpectedly creeps up
▼ + stars: | 2024-03-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

CPI also increased 0.4% month over month. AdvertisementConsumer price index data released by the Bureau of Labor Statistics Tuesday showed inflation, by this measure, unexpectedly accelerated slightly in February. AdvertisementCore CPI only increased 0.4% from January to February, or matching the previous surge of 0.4%. The food index slowed from a year-over-year increase of 2.6% in January to an increase of just 2.2% in February. The energy index saw another year-over-year decline, a decline of 1.9% in February following a decline of 4.6%.

Persons: —, That's, It's, Nick Bunker Organizations: CPI, Service, Bureau of Labor Statistics, BLS, of Labor Statistics

☆ Here's how long it would take to build enough homes to fix the housing crisis
▼ + stars: | 2024-03-09 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Read previewIt's no secret there's a housing shortage in the US, and it's not likely to get better any time soon. Hannah Jones, senior economic research analyst for Realtor.com, told Business Insider this year "will still be a challenging housing market." "Buyers are seeing less home inventory, less homes for sale in the market, and sellers are less incentivized to sell in today's market," Jones said. The situation is even more stark when looking at single-family homes alone. Jones said, "multifamily housing has been a bit of a bright spot in the last couple of years."

Persons: —, it's, Hannah Jones, Jones Organizations: Service, Business

☆ Job growth beats estimates, unemployment rate hits 2-year high
▼ + stars: | 2024-03-08 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Read previewFebruary's job growth was strong and similar to January's revised job gain. According to Friday's news release from the Bureau of Labor Statistics, the US experienced job growth of 275,000 in February. Additionally, December's job growth of 333,000 stated in the February release was updated to 290,000 in the new report. Leisure and hospitality saw large job growth in February, with an increase of 58,000. Pollak also pointed out the large job gains seen in December and January were revised downward and an increase in the unemployment rate in February.

Persons: —, Labor Julie Su, Julia Pollak, Pollak, Nick Bunker, Bunker, That's Organizations: Service, Bureau of Labor Statistics, Business, Labor, BLS, North, Labor Statistics Locations: America, North America

☆ The 15 US cities where your money goes the furthest
▼ + stars: | 2024-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

This city is also where renters can see their money go the furthest among 189 places in a recent analysis from RentCafe. Meanwhile, Both wrote that "Boston had similar prices for basic necessities" as well as "a slightly higher monthly rent" than for Sunnyvale. AdvertisementManhattan had the largest monthly rent plus basic necessities value but ended up having one of the lower scores, at 14.73. Based on the scores calculated using income, rent, and expenses data, three of the top 15 cities where income can go far were in Texas, with scores near or over 60.0. "The coastal cities, the gateway cities have always been hubs for greater density," Ressler said.

Persons: —, Lockheed Martin, Doug Ressler, RentCafe, Alexandra Both, Ressler, there's, they've Organizations: Service, Google, Lockheed, Council for Community, Economic Research, Business, BI, Sunnyvale, Manhattan Locations: Sunnyvale , California, Athens, Georgia, New Orleans, Albany , New York, Gainesville , Florida, Auburn , Alabama, RentCafe, Silicon Valley, Boston, Sunnyvale, Texas, Virginia

☆ A millennial said her side business has become her main source of income. Here's her advice on how to get started on a side hustle.
▼ + stars: | 2024-03-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Chisom Okwulehie said Juntero Design, a subsidiary of a business she started in 2021, is her main income source. AdvertisementChisom Okwulehie, 35, told Business Insider she thought she wouldn't start a business until she was in her 40s. Okwulehie said she was surprised Juntero Design, which she owns and is a subsidiary of her and her husband's business Juntero, has become her main source of income. While some people may consider making a side gig into their full-time job, Okwulehie isn't saying goodbye to her senior architect role. Have you turned a side hustle or business into your main or only source of income?

Persons: Chisom Okwulehie, Okwulehie, —, Chisom, Juntero, Okwulehie isn't, She's, Lean Organizations: Service, Port Authority of New, Port Authority, BI Locations: Port Authority of New York, New Jersey

☆ The jobs where you don't need a bachelor's degree
▼ + stars: | 2024-02-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Project management saw its share of postings noting a bachelor's or higher slip from January 2019. "I think that points towards some of that potential for skills-first hiring to maybe even impact some of those knowledge worker type of sectors," Stahle said. The new Indeed report noted sectors with big percentage point declines over the last few years for mentions of bachelor's degree or higher in postings. AdvertisementStahle pointed out to BI that software development also saw the share of postings noting a bachelor's or higher fall amid tech layoffs. "It's interesting that the layoffs have happened, but many of the tech employers have still continued to cut in their other job postings," Stahle said.

Persons: —, Cory Stahle, Stahle, we've, they're, isn't, it's Organizations: Service, Business, Employers, Bureau of Labor Statistics

☆ Fewer jobs require a college degree. Here's what employers are looking for instead.
▼ + stars: | 2024-02-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

That's according to a new report from career-site Indeed analyzing educational requirements in US job postings since January 2019. As employers shift from formal educational requirements to skills-first hiring, job seekers might want to think about their skills. Even with a shift away from college degree requirements, there could be assumed credentials and levels of education, per the new report. "There's a lot of sectors where it's really common for jobs to not include any educational requirements whatsoever," Stahle said. Controlling for occupational mix, the percentage of job postings that require a college degree has only fallen by 3.6 percent over that period."

Persons: —, Cory Stahle, Stahle, haven't, it's, there's, Raman, we've, they're Organizations: Service, Business, Labor, Delta Air Lines, IBM, BI, Burning Glass Institute, Harvard Business School, LinkedIn, Employers

☆ Here's how much it costs to go to the 10 biggest colleges in the US
▼ + stars: | 2024-02-25 | by ( Cork Gaines | Madison Hoff | ) www.businessinsider.com time to read: +1 min

The cost includes the average price of tuition, fees, books, and supplies, as well as living costs at the school. Cost for public schools represents in-state students, the Department of Education said. Looking just at in-state tuition and required fees, the average among the 10 largest schools, which includes a private school, was about $12,400. For the nine public schools among this group, this average was around $11,250. The out-of-state tuition and required fees for those nine schools averages around $20,000 higher, at around $31,300.

Organizations: US Department of Education, Department of Education, Business Locations: What's, Florida

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