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☆ 3 signs the economy is thriving — and 3 red flags to monitor
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."

Persons: —, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City

☆ The 10 big US cities with the worst 'singles tax' on renters living alone
▼ + stars: | 2024-02-14 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The "singles tax" for solo renters has increased to an annual average of $7,110. New York City has the highest singles tax among major cities analyzed in a recent Zillow analysis. Zillow crunched the numbers on what's called the "singles tax," or how much more singles are paying to live alone without a partner or a roommate. AdvertisementZillow published what the singles tax looks like in several major cities. As seen in the table below, some of the places with high singles tax are also places where it's already costly to live.

Persons: Emily McDonald, —, valentine, Zillow, what's, McDonald, it's, haven't, It's Organizations: New, Service, New York, San Francisco Locations: New York City, York

☆ What the latest inflation data means for interest rates
▼ + stars: | 2024-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.

Persons: —, Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London

☆ Inflation comes in hotter than expected
▼ + stars: | 2024-02-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

The consumer price index increased 3.1% year over year in January, higher than the forecast of 2.9%. The CPI rose 0.3% month over month in January. January’s year-over-year rise in the CPI was expected to be 2.9%, which would have been a massive slowdown from December’s 3.4%. CPI increased by 0.3% month over month in January. Additionally, New York Fed Survey of Consumer Expectations data shows the one-year ahead median expected inflation rate had largely been cooling but stayed at 3.0% in January.

Persons: That's, —, That’s, Mark Hamrick Organizations: Service, Bureau of Labor Statistics, CPI, University of Michigan, Consumers, , New York Fed Survey, Consumer Locations: January’s, ,

☆ A millennial teacher who moved from Texas to Denmark shares the pros and cons of living there
▼ + stars: | 2024-02-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Ilana Buhl believes the cons of living in Denmark are minor compared to the pros. Buhl, who moved to Denmark in 2018, finds feeling safer and being in a walkable city are two pros. Buhl, who got her permanent residence permit not too long ago, said "the cons are so minor compared to the pros" in Denmark . Buhl shared with Business Insider some of the pros and cons of living in Denmark after living in Texas. The weather can be one negativeWhile Buhl finds the pros of living in Denmark outweigh the cons, she noted a few downsides.

Persons: Ilana Buhl, Buhl, —, there’s, She’s, Ilana Buhl Buhl, you've, I'm, hasn’t, she’s Organizations: Service, Business, Copenhagen, International Labour Organization Locations: Denmark, Copenhagen, Dallas, American, Hillerød, Texas, Buhl

☆ If you're looking for a job, the most important skill this year is adaptability
▼ + stars: | 2024-02-08 | by ( Madison Hoff | Tim Paradis | ) www.businessinsider.com time to read: +5 min

A new LinkedIn report noted adaptability as the "top skill of the moment." LinkedIn's Aneesh Raman said this skill is important given how AI is emerging in the workplace. Adaptability is important too given the number of jobs impacted by AI. "The main takeaway for me is that communication, not coding, is the number one skill across jobs," Raman said. AdvertisementAs job seekers search for work in a labor market with 1.4 US job openings per unemployed person as of December, being adaptable could be important regardless of whether you're looking for work.

Persons: Raman, —, Aneesh Raman, they're Organizations: LinkedIn, Service

☆ Here's how much it costs to live in America's 10 most expensive cities
▼ + stars: | 2024-02-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Business Insider looked at the monthly costs for households with two adults and two children from the Economic Policy Institute's " Family Budget Calculator ." 1 — or the most expensive among the metros analyzed by EPI — based on its monthly total cost of around $15,000. With a monthly cost of over $3,000 for housing, based on the cost of a two-bedroom apartment, this was the largest monthly expense among the seven categories for this area. Childcare was the largest monthly expense among the seven categories for Nassau-Suffolk, New York, for instance. Below are the most expensive metros ranked based on the monthly total for two adults and two children according to EPI.

Persons: —, EPI, EPI —, San Francisco wasn't, Jerome Powell, Powell, Paige Connell Organizations: Service, Business, Affordable, Francisco, metros Locations: California, San, Stamford, Norwalk , Connecticut, Nassau, Suffolk , New York

☆ A Las Vegas suburb is gearing up for a Super Bowl economic boost
▼ + stars: | 2024-02-07 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Up to 450,000 people are expected to be in Vegas by Super Bowl weekend, and this influx of people has caused the city's hotel prices to surge. When big events come to town, whether it be the Super Bowl or Taylor Swift's Eras Tour , cities tend to get an economic boost . These economic impacts don't stop at cities' boundaries: surrounding areas like Boulder City could see an uptick in visitors and spending as well. He expects a similar — if not bigger impact — during Super Bowl week. An individual familiar with the airport's operations told the Las Vegas Review-Journal in a late January story that the airport's bookings around Super Bowl weekend were almost full to capacity.

Persons: —, Christina Bennett, Rob Loredo, Loredo, Raffi Festekjian, Festekjian, Todd Cook, Cook, it's Organizations: Service, Vegas, Kansas City Chiefs, San Francisco 49ers, Allegiant, Super Bowl, Business, BI, Super, Formula, Las Vegas, Boulder City Municipal, Boulder Dam Brewing Company Locations: Boulder City , Nevada, Vegas, Las Vegas, Boulder, Boulder City

☆ Job growth surged past forecasts in January
▼ + stars: | 2024-02-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

New data out Friday showed the US started 2024 with 353,000 nonfarm payrolls added in January. That far surpasses the forecasted job growth. The unemployment rate was 3.7% in January, like it was in December. AdvertisementJanuary was a solid month for job growth in the US. The unemployment rate was 3.7% in January after ending 2023 with a rate of 3.7% for both November and December.

Persons: payrolls, — Organizations: Service, Bureau of Labor Statistics, Business

☆ The economy is roaring. So why do we keep hearing about layoffs?
▼ + stars: | 2024-01-31 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Los Angeles Times, eBay, and UPS are three companies that have made recent layoff announcements. Despite cuts at big household names, the nation's layoffs and discharges rate has been steadily low. AdvertisementEmployees at the Los Angeles Times, eBay , Microsoft , and UPS are some of the workers impacted by recent layoff announcements in January. That sector had a layoffs and discharges rate of 0.8% in December, which is actually a small dip from the 0.9% in November. Zhao noted that "the scale here" means that this number probably isn't really going to change because of the recent layoff announcements.

Persons: —, Nick Bunker, Bunker, Julia Pollak, ZipRecruiter's, Daniel Zhao, Glassdoor, Zhao, that's, Kory Kantenga, isn't Organizations: Los Angeles Times, eBay, UPS, Service, Microsoft, Bureau of Labor Statistics, North America, Labor, LinkedIn

☆ Americans are getting closer to an interest rate cut — but it probably won't happen in the Fed's next big decision
▼ + stars: | 2024-01-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewThe nation's central bank is gearing up to make its first big decision of 2024 — and while it likely won't be the interest rate cut many Americans are hoping for, it's set to bring them closer to that relief. The Fed hinted at how many interest rate cuts Americans can expect this year in its December Summary of Economic Projections. New labor market data out this Friday will show how employment looked at the start of 2024, and some labor market experts already think 2024 will see a cooler job market . That continuing strength in the labor market does represent a slowdown from the hot post-pandemic recovery in 2022. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the lawmakers wrote.

Persons: —, it's, Jerome Powell, Powell, Nick Bunker, would've, Greg McBride, David Kelly, Kelly, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Business, Federal, Federal Reserve, Spelman College, Labor Statistics, Fed, North America, Morgan Asset Management, Democratic Locations: Sens

☆ A millennial who quit her corporate job in London and moved to Australia explains the pros and cons of her career switch and life down under
▼ + stars: | 2024-01-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Read previewSince moving to Melbourne, Australia , in November, Tara has spent her time off from her job as a restaurant host going to beaches or seeing the Penguin Parade at Phillip Island. AdvertisementTara, 29, is loving life in Australia after moving from London and changing lanes from a corporate job to working in hospitality. She talked to BI about her career switch into hospitality and the pros and cons of living in Australia. AdvertisementA personal con about living in Australia is being far away from friends and family and the time difference to reach them. Tara said she's happier living in Melbourne and that "living here feels like I really am on holiday everyday."

Persons: —, Tara, Tara Pros, that's, I've, She's Organizations: Service, Business Locations: Melbourne, Australia, Phillip, Yarra, London, Sydney, Southeast Asia, Malaysia, Manchester, London —, Merseyside

☆ The US economy ended 2023 with a bang
▼ + stars: | 2024-01-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Real GDP grew at an annualized rate of 3.3% in the fourth quarter. After real GDP surged 4.9% in the third quarter, the latest point suggests still strong growth. 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 . Real GDP rose at an annualized rate of 3.3% per the news release from the Bureau of Economic Analysis.

Persons: —, Steve Rattner, Willett, Rattner Organizations: Service, National Association for Business Economics, Willett Advisors, Bloomberg, Labor Statistics

☆ Here's how to start making money pet sitting and dog walking while having fun and setting your own schedule
▼ + stars: | 2024-01-22 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Read previewIf you love cats or dogs, you could cash in on this connection by taking on a side hustle pet sitting or dog walking. Lim shared her advice and some things people interested in pet sitting should know, including how much time it can take and how to get started. Meet the owner of the pet beforehandLim suggested meeting the owner and their pet before taking on a client. "There are situations where you may not end up liking the responsibility or maybe you just don't find the right fit with the owner," Lim said. Just let me know when you need a walk,'" Lim said.

Persons: —, Meghan Lim, Lim, hustles, you've Organizations: Service, Business, Rover Locations: New Year's

☆ With a possible cooler labor market this year, here are 4 tips for getting a job in 2024
▼ + stars: | 2024-01-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Zhao, Croucher, and career coach Stacey Perkins outlined four tips for job seekers in today's labor market. Make a job planPerkins, a career coach at organizational consulting firm Korn Ferry, suggested job seekers figure out a robust strategy for job searching, which doesn't mean simply submitting your résumé to many places. Perkins suggested looking at who you have a mutual connection with or identifying who you already know at the places noted on the list. AdvertisementFor people just graduating and looking for work, Croucher suggested looking for an internship first because it could be easier to get. AdvertisementBut job seekers should be picky about what they want to include.

Persons: —, Daniel Zhao, Zhao, Rebecca Croucher, Croucher, Stacey Perkins, Perkins, Korn Ferry, you've, It's, it's Organizations: Service, Business, Labor Statistics hasn't, BLS, North Locations: North America, ManpowerGroup

☆ The 15 fastest-growing jobs in the US, according to LinkedIn
▼ + stars: | 2024-01-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Chief growth officer, physical therapist, and vice president of diversity and inclusion are some of the top US jobs on LinkedIn's new jobs on the rise list . The LinkedIn ranking is based on job growth rates, which were calculated based on members' data for jobs started from January 1, 2019, to July 31, 2023. Instead, "we like to call it sustainable growth," Seaman said. Below are the 15 fastest-growing jobs in the US jobs per the new LinkedIn report. Most common skills noted below "were derived from the top skills most unique to each title among members who have ever held that title on LinkedIn," per the report.

Persons: Andrew Seaman, Seaman Organizations: Service, Business, BI, Government, LinkedIn

☆ 2 millennials explain their rules to avoid temptation and save money during 'no-spend January'
▼ + stars: | 2024-01-15 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

For this challenge that involves reducing spending, White suggested sticking to realistic rules. Advertisement"I think that's a perfect example of some instance where convenience totally could have taken over in a regular month where I might not be so attentive to these rules," Brooks said. The rules should not be unreasonableThe rules White made for January were realistic for her life, she said. Her rules include eating out once a week, one beverage from Sonic a week, and "absolutely no spending money on any clothes because that's my biggest overconsumption area." "I think it's going to completely change the way I spend money."

Persons: Libby Brooks, Ashlee White, White, Brooks, —, she's, I've, didn't, it's, It's Organizations: Service Locations: TikTok, Brooks

☆ Inflation ticks back up as housing prices stay stubbornly high
▼ + stars: | 2024-01-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The consumer price index increased by 3.4% from December 2022 to December 2023. The year-over-year CPI increase was expected to be 3.2% for December. After CPI rose by 0.1% month over month in November when looking at the seasonally adjusted change, CPI rose by 0.3% from November to December — just above the forecast of 0.2%. Core CPI, excluding volatile food and energy prices, increased by 3.9% after a 4.0% year-over-year increase in November. Meanwhile, the shelter index rose by 0.5% month over month in December, slightly higher than the month-over-month increases seen in October and November.

Persons: —, Greg McBride, Jerome Powell, Powell, we're Organizations: Service, of Labor Statistics, CPI, BLS, Federal Reserve

☆ The 25 top companies to work for, according to Glassdoor
▼ + stars: | 2024-01-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Glassdoor released its 2024 list of top workplaces based on how US-based employees feel about them. Glassdoor recently published its new Best Places to Work ranking based on how US-based employees felt about their workplaces. AdvertisementWhile Microsoft ranked high on the 2024 list, ranking No. Google fell just short of the top 25 in the 2024 list, ranking No. AdvertisementBelow are the top 25 large companies to work for according to the 2024 US list along with their Best Places to Work rating, which was on a five-point scale.

Persons: Glassdoor, Raymond James Financial, —, Keller Williams, Burger, Bain Organizations: Bain & Company, eXp Realty, Service, Best Places, U.S, Microsoft, Management, Best, Google

☆ The 10 most expensive cities in the world
▼ + stars: | 2023-12-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Geneva, Paris, and San Francisco were among the 10 most expensive cities. 1 in a ranking of how expensive 173 cities around the world are. AdvertisementAn EIU article noted that while New York and two other US cities were part of the top 10 most expensive cities based on the cities analyzed, the article stated that "North American cities have, on average, slipped down our cost-of-living ranking." Singapore was also the most expensive city in the world last year when it tied with New York. AdvertisementHere are the most expensive cities, each with their index noted below from the EIU report.

Persons: —, EIU, Hong Kong, Syetarn, Hansakul Organizations: Economist Intelligence, Singapore, Service, Business, New, Swiss, Hong Locations: Zurich, Geneva, Paris, San Francisco, Singapore, New York City, New York, Hong Kong, Tel Aviv, Israel, Copenhagen, Denmark

☆ A millennial who regrets rushing to be a manager in her 20s explains what she wishes she knew then and why it's fine to never want to be a boss at all
▼ + stars: | 2023-12-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Kim Elizabeth James wishes she waited until later to take on her first manager role. She was burned out and worried she wasn't working on her skills in a manager job in her 20s. AdvertisementWhen she was in her 20s, Kim Elizabeth James really wanted to move up to a manager role at the Australian company where she worked. James ended up leaving that manager role. Being a manager in her 20s versus her 30sWhen James was a manager in her 20s, she worried about having the time to keep her skills up to date.

Persons: Kim Elizabeth James, —, James, I've, there's, doesn't Organizations: Service, Business

☆ Cost of living in 32 of the biggest Midwestern cities
▼ + stars: | 2023-12-01 | by ( Madison Hoff | Cork Gaines | ) www.businessinsider.com time to read: +2 min

Chicago had the highest Cost of Living Index score among 32 Midwestern cities. Of the 32 Midwestern urban areas examined, 29 fell below the national average. However, the vast majority of the 32 large Midwestern cities included in the study are cheaper than the national average. The Council for Community and Economic Research, or C2ER, released its quarterly Cost of Living Index in October. Below are the 32 Midwestern places in our analysis ranked by their indexes from C2ER.

Persons: — Organizations: Chicago, Service, Midwest, for Community, Economic Research, Index, Detroit — Locations: Springfield , Missouri, — Illinois, Indiana , Iowa , Kansas , Michigan, Minnesota , Missouri , Nebraska, North Dakota , Ohio, South Dakota, Wisconsin, Florida , Texas, California, Chicago, Detroit, Milwaukee

☆ The 25 highest-paying jobs in Texas
▼ + stars: | 2023-11-29 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Business Insider looked at average annual wage data of jobs in Texas. Cardiologists had an average pay of $413,510, indicating it's the highest-paying job in Texas. Radiologists and ophthalmologists are two other jobs with high salaries in Texas based on averages. Business Insider looked at jobs with pay data available for Texas. Below are the 25 highest-paying jobs in Texas, based on available Bureau of Labor Statistics data, and the estimated number of people holding these jobs in the state.

Persons: Cardiologists, —, ophthalmologists Organizations: Service, pediatricians, Business, Bureau of Labor Statistics, Labor Statistics Locations: Texas, New York

☆ A teacher who spent more than $5,000 of her own money last year to make a cozy classroom explains why it helps kids learn
▼ + stars: | 2023-11-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Elementary school teacher Michelle Medintz spent thousands of dollars in 2022 on books and other items. She said it's her choice to spend money out of pocket. A lot of teachers spend money out of pocket like Medintz. Book series, rewards, and other items Medintz has spent her money onMedintz said she probably hasn't spent as much this year compared to 2022. Courtesy of Michelle MedintzMedintz also has spent money on math manipulatives, which are tactile objects kids can use in math class to bring the lessons to life.

Persons: Michelle Medintz, Medintz, —, Michelle Medintz's, they're, Michelle, I'm, didn't, there's, hasn't, I've, Michelle Medintz Medintz, she's Organizations: Service, Business, Bureau of Labor Statistics Locations: Michelle Medintz's, Colorado, —

☆ Meet the millennials who don't want to be managers. They say the extra pressure isn't worth it.
▼ + stars: | 2023-11-23 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

One millennial said the manager role she would move into next seems to be a high pressure job. Devika said younger millennials like her may not see moving to a manager role as worth it because "it's just giving up too much of your personal life and then life is short." That includes feeling extra pressure from senior management, Derler said. She added that new managers don't often get that learning opportunity and then form bad habits that are hard to eradicate later. The Visier survey found 71% of respondents, including those who don't necessarily want to be people managers, said better compensation would be a top incentive for becoming this kind of manager.

Persons: —, Devika, she's, millennials, Andrea Derler, Derler, Justin Vallely, Vallely, it's, onboarding, aren't Organizations: Service Locations: That's

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