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In the past, he would have swiftly chopped 10% of the workers that run his bag-making machines, or about 15 people. Faced with the tightest job market in decades, many have become less trigger-happy with layoffs, even in the face of a cooling economy. But, so far, the economy has continued to grow, albeit more slowly, and the job market has powered onward. Reuters Graphics'HOLD ONTO YOUR LABOR FORCE'At least one major company has adopted a formal strategy of hoarding workers. "I don't think it's the case that many businesses are holding onto workers who are idle," she said.

Persons: Kevin Kelly, Nathan Frandino, Kelly, Alan H, Shaw, they're, Dana Peterson, Peterson, Arnold Kamler, Julia Pollak, Thomas Simons, We're, Timothy Aeppel, Dan Burns, Paul Simao Organizations: Emerald Packaging, REUTERS, Packaging, Employers, Federal Reserve, Labor, Reuters Graphics, Norfolk, Reuters, U.S, Survey, Labor Department, Conference Board, Business Council, Kent International, Jefferies, Thomson Locations: California, Union City , California, U.S, San Francisco, Norfolk Southern, downturns, Atlanta, New York, South Carolina, rehire, Los Angeles

☆ ZipRecruiter: The Fed wants to see wage gains easing within a still resilient economy
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZipRecruiter: The Fed wants to see wage gains easing within a still resilient economyJulia Pollak, Chief Economist at ZipRecruiter, breaks down her expectations for the July jobs report.

Persons: Julia Pollak Organizations: ZipRecruiter

☆ Job growth slowed in July after a red-hot labor market in the first half of the year
▼ + stars: | 2023-08-04 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Private education and health services saw a one-month job gain of 100,000, with healthcare and social assistance seeing a gain of 87,100. Leisure and hospitality, construction, and financial activities are some of the other industries that saw job growth. Julia Pollak, chief economist at ZipRecruiter, told Insider Friday's report from BLS showed a slowing labor market but one that's "still very solid." Different data points before Friday's jobs report suggest that the labor market is still a strong jobs market for workers and job seekers. Pollak described the labor market as sustainable, and Bunker described it as robust. So this is still a strong, resilient, robust labor market."

Persons: payrolls, Daniel Zhao, Julia Pollak, Pollak, it's, Nick Bunker, Tuesday's, Bunker, Labor Julie Su, we're Organizations: payrolls, Service, of Labor Statistics, BLS, Friday's BLS, North America, Bureau of Labor Statistics, Labor Locations: Wall, Silicon, Friday's

☆ A.I. can save you hundreds of dollars on professional headshots—but avoid these 2 mistakes, experts say
▼ + stars: | 2023-08-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

These days, professional headshots can range from $25 to $2,500. That can lead to hundreds of dollars in savings for the user who gets their one-time AI headshot. Morrison agrees that the best headshot is the one that is polished yet authentic, whether it's AI-generated or not. Stay away from these two mistakes to make sure you get your AI headshot right:'Never rely solely on AI'Overall, experts agree there is a time and place for AI headshots. She also says not to take an AI headshot at face value.

Persons: Slack, Marissa Morrison, Amanda Augustine, Morrison, Amit Bhatia, Bhatia, Augustine Organizations: CNBC

☆ Peter Thiel paid staff an extra $1,000 a month if they lived close to the office so they were more likely to work late, book says
▼ + stars: | 2023-07-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Peter Thiel paid staff an extra $1,000 a month if they lived near the office, a former worker said. The billionaire investor offered it so staff "were more likely to stay late," Michael Gibson wrote. Gibson made the claim in his book "Paper Belt on Fire: The Fight for Progress in an Age of Ashes." Peter Thiel offered his staff a monthly bonus of $1,000 if they lived close to the office, according to a former employee of the billionaire investor. It also offered employees with families a one-off payment of at least $15,000 for housing.

Persons: Peter Thiel, Michael Gibson, Gibson, Thiel, Meta, Davis Polk, Wardwell, they're, Insider's Aaron Mok, Meta didn't Organizations: Employees, Palantir Technologies, Guardian, Bloomberg, Facebook, Street Journal, ARC Locations: San Francisco, Menlo Park, Silicon Valley, ZipRecruiter

And yet, the industry is currently battling the highest level of unfilled job openings ever recorded. The construction industry averaged more than 390,000 job openings per month in 2022, the highest level on record, while unemployment in the sector of 4.6% was the second lowest on record. "Commercial construction materials prices are now 40% higher than they were back in February 2020. For construction workers, pay is boomingFor workers who seek construction jobs, the timing has never been better. "The construction industry is now paying 80% more than the average non-farm job in the United States."

Persons: Anirban Basu, Maria Davidson, Lori Ann Larocco, Davidson, it's, Michael Elder, Rucha Vankudre, It's, Brian Turmail, Turmail, doesn't, we've, Vankudre Organizations: Associated Builders and Contractors, ABC, MBTA, Boston Globe, General Contractors of America, . Census Locations: U.S, Boston, United States

☆ 30-year-old increased her salary by over $100K in 2 years using this simple job search strategy
▼ + stars: | 2023-07-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

That conversation alone was enough motivation for Doe to start taking the job search more seriously, and re-think her approach to salary negotiation. Here's how she did it:A 'life-changing' job search hackBefore she applied to other marketing manager and director-level roles, Doe researched salaries for different marketing positions using a free, crowdsourced database published online by #HireBlack, a job search platform that offers career resources for Black women. Armed with research, Doe came up with a target salary range to guide her job search. She used the same market research and negotiation tactics she learned during her initial job search to land a $15,000 pay increase before accepting the role, which she started in March. (She doesn't want to publish her exact salary in case it's used against her in future negotiations.)

Persons: Brianna Doe, Doe, Phoenix . Doe Organizations: CNBC, LinkedIn Locations: Phoenix, Phoenix .

☆ The 10 most affordable places to live in the U.S.—none are in Florida
▼ + stars: | 2023-07-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

According to U.S. News and World Report, Hickory, North Carolina is the cheapest place to live in the U.S. This month, U.S. News and World Report released its ranking of the cities with the lowest cost of living, based on the median gross rent and annual housing costs for mortgage-paying homeowners. The average Hickory home value is $276,748, up 5.3% over the past year, according to Zillow's Home Value Index. Youngstown, Ohio is the second cheapest place to live in the U.S., according to U.S. News and World Report. Since 2010, new businesses have been popping up in its downtown, according to U.S. News and World Report.

Persons: it's, IN, TN Organizations: U.S . News, Black, U.S . Census Bureau, FBI, U.S . Department of Labor, Hickory, Hickory Furniture Mart, Huntsville, AL Fort Wayne, IL, . Census, Tri - State, Istock, Getty Locations: U.S, Hickory , North Carolina, Hickory , NC Hickory , North Carolina, Catawba County, Charlotte, Asheville, Hickory, North Carolina, Youngstown , Ohio, Hickory , NC Youngstown, Huntington, WV, Ashland , KY, IN Beaumont , TX Peoria, IL Green, , WI, IL Knoxville, Pittsburgh, Cleveland, Youngstown, Ashland , West Virginia , Kentucky, Ohio

☆ Gen Z workers at a medical company are automating tedious jobs and dramatically boosting productivity, exec says
▼ + stars: | 2023-07-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Some Gen Z workers are making AI work for them. A director at VEM Medical told the BBC that Gen Z workers were boosting productivity with AI. Derrick Hathaway said young workers were automating tedious jobs and optimizing workflows. Some Gen Z workers are capitalizing on the rise of generative AI. Derrick Hathaway, sales director at VEM Medical, told the BBC that Gen Z workers were giving the medical device maker a welcome productivity boost by using AI-powered tools.

Persons: Derrick Hathaway, Companies haven't, Gen Zers Organizations: VEM Medical, BBC, VEM, Companies, Employees

☆ The AI boom is screwing over Gen Z
▼ + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com time to read: +13 min

Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.

Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, —, There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune

☆ Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?
▼ + stars: | 2023-07-17 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

But now a tantalizing possibility is emerging: Can America both tame inflation and keep its labor market gains? Data last week showed that price increases are beginning to moderate in earnest, and that trend is expected to continue in the months ahead. Housing costs are slowing in inflation measures, something that economists have expected for months and that they widely predict will continue. New and used car prices are cooling as demand wanes and inventories on dealer lots improve, allowing goods prices to moderate. And even services inflation has cooled somewhat, though some of that owed to a slowdown in airfares that may look less significant in coming months.

Persons: —, ”, Julia Pollak Organizations: ZipRecruiter Locations: America, Powell’s

☆ Americans' wages are finally outpacing inflation. But could it last?
▼ + stars: | 2023-07-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks. Annual real weekly wages were up 0.6% last month, a rate that’s a tick below the 0.7% gain seen in February 2020. June also marked the second consecutive month of year-over-year real hourly wage growth — the first back-to-back months of gains since early 2021. Fears of a dreaded “wage-price spiral” — when rising wages and prices feed into each other — have made a bogeyman out of wage growth. And finally, supply-side inflation has drastically cooled to the point where annual inflation is practically flat — which, ideally, gives firms more wiggle room to pay workers, she said.

Persons: hasn’t, ’, That’s, ”, William Ferguson, Gertrude B, Austin, it’s, Alex Pelle, “, Sung Won Sohn, Ben Bernanke, ” Pelle, Julia Pollak, they’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, Grinnell College, stoke, Mizuho Securities, Loyola Marymount University, SS, San Francisco Fed, BLS Locations: Minneapolis, Iowa

PinnedInflation data released on Wednesday showed a pronounced cooling and offered some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago. Officials have signaled in recent weeks that they are likely to raise interest rates at their July 25-26 meeting. For one thing, the cost of housing as measured by the Consumer Price Index — which relies on rent prices — is coming down sharply. The Fed officially targets 2 percent inflation on average over time, though it defines that goal using a separate inflation measure, the Personal Consumption Expenditures index. Interest rates increases work partly by slowing the job market and cooling wage increases, so the Fed’s fight against inflation and the strength of the labor market are closely tied.

Persons: ”, Laura Rosner, Warburton, it’s, . Rosner, Airfares, “, Beth Weaver, Loretta Mester, ” Julia Pollak Organizations: Federal Reserve, Federal, Consumer, Buick GMC, Fed, Federal Reserve Bank of Cleveland, ZipRecruiter Locations: Erie, Pa

☆ US inflation cooled in June for the 12th straight month
▼ + stars: | 2023-07-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics. The June annual rate is down from 4% in May and landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs. So the Fed and economists have been keyed in on what’s happening with core inflation, particularly core services.

Persons: Olivia Newton, ” William Ferguson, “, Joe Biden, ” Sung Won Sohn, Lael Brainard, ” Brainard, Brainard, ” Julia Pollak, ZipRecruiter, Sohn, ”, —, Nicole Goodkind Organizations: Minneapolis CNN, Bureau of Labor Statistics, CPI, Grinnell College, CNN, Federal Reserve, Loyola Marymount University, SS Economics, Core PCE, National Economic Council, Economic, of New, BLS, Kansas City Fed Locations: Minneapolis, Iowa, of New York

☆ 10 U.S. cities where job listings have the highest average annual salary—New York isn’t on the list
▼ + stars: | 2023-07-12 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

Job list site ZipRecruiter recently looked at the average annual salaries in hundreds of U.S. cities according to their online job postings between January and June 2023. In fact, ZipRecruiter found that the best cities for salary were fairly spread out throughout the country. "Not all companies post pay," says Julia Pollak, chief economist at ZipRecruiter, about the results. Currently, eight states have laws that require employers to post pay on job listings, including California, Rhode Island and Maryland. Here is ZipRecruiter's list of the top 10 U.S. cities for average annual salary according to job listings, including that average salary.

Persons: ZipRecruiter, Julia Pollak Organizations: New Locations: U.S, New York, Los Angeles, California, Rhode Island, Maryland, Cincinnati, Jersey City, N.J

☆ The economy is doing exactly what we need to avoid a recession and keep booming
▼ + stars: | 2023-07-12 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Recent data reveals inflation is cooling, the labor market is slowing, and a recession may not come after all. Inflation data released Wednesday showed that inflation is coming down fast. The Fed may be pleased by this data, though a rate hike may still be on the table later this month. Other measures also show that the job market is still very healthy. The Fed may be happy to see slower job growth and the prime-age labor force participation rate rising, Bunker said.

Persons: doesn't, Julia Pollak, Nick Bunker, Bunker, Jerome Powell, Bill Adams, Pollak, " Pollak, Powell Organizations: Service, Labor, Survey, North America, Federal, Consumer, CPI, National Federation of Independent Business, Congress, Fed, Comerica Bank, Comerica Locations: Wall, Silicon

PinnedInflation data released on Wednesday showed a pronounced cooling and offered some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago. But Federal Reserve officials are still trying to assess whether the cool down is likely to be quick and complete. Officials have signaled in recent weeks that they are likely to raise interest rates at their July 25-26 meeting. For one thing, the cost of housing as measured by the Consumer Price Index — which relies on rent prices — is coming down sharply. Interest rates increases work partly by slowing the job market and cooling wage increases, so the Fed’s fight against inflation and the strength of the labor market are closely tied.

☆ 5 low-stress summer jobs that are hiring right now—many pay over $20 an hour
▼ + stars: | 2023-07-09 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Summer hiring is on the rise in several industries, says Julia Pollak, chief economist at ZipRecruiter, as consumer appetite for traveling and dining out remains "stronger than expected" despite recession fears. In June, private sector jobs surged by 497,000, well ahead of the 220,000 Dow Jones estimate, payroll processing firm ADP reported Thursday. If you're looking for a low-stress gig that pays at least $20 an hour — and don't mind spending your shift outdoors, or at a museum — there are several summer jobs you may want to consider. Plus, according to Indeed, many of these jobs pay upwards of $22 an hour. Here are five low-stress, high-paying summer jobs employers are hiring for right now:Tour guideO*NET score: 69Average hourly pay: $22.58 per hourFitness instructorO*NET score: 63Average hourly pay: $26.29Construction workerO*NET score: 63Average hourly pay: $18.04TutorO*NET score: 75Average hourly pay: $23.92Virtual assistantO*NET score: 70Average hourly pay: $20.43To improve your chances of landing one of these coveted summer gigs, look for job openings where "others aren't," says Jeff Hyman, CEO of the executive search firm Recruit Rockstars.

Persons: Julia Pollak, Dow Jones, Pollak, Jeff Hyman, it's, Hyman, You'd Organizations: Dow Locations: YMCAs

☆ Pollak: Economic activity is pretty much back to pre-pandemic levels, but employment is not
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPollak: Economic activity is pretty much back to pre-pandemic levels, but employment is notZipRecruiter chief economist Julia Pollak discusses the key factors to pull from the June jobs data, and which sectors are still driving the market and economy forward.

Persons: Pollak, Julia Pollak

☆ There are more women in the workforce than ever before
▼ + stars: | 2023-07-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

Women’s labor force participation has rebounded from the pandemic “she-cession” and returned to its pre-pandemic form of making progressively historic labor market gains. By February of 2020, the labor force participation rate for prime working-age women was 77% — just shy of the record 77.3% set during the dot-com era, BLS data shows. The pandemic walloped the leisure and hospitality and education and health services sectors, where women make up the majority of the workforce. The economic evolution and recovery from the pandemic helped accelerate favorable drivers for women to enter the workforce. Separately, new research shows that although women were outnumbered by men in the US workforce, women could be disproportionately affected by businesses’ adoption of generative AI: One recent analysis estimates that 79% of working women (nearly 59 million) are in occupations susceptible to disruption and automation.

Persons: ” Julia Pollak, ZipRecruiter, “, ” Pollak, Allison Joyce, didn’t, they’re, That’s, University of North Carolina’s, Dana Peterson, we’ve, ”, ” —, Jeanne Sahadi Organizations: Minneapolis CNN, of Labor Statistics, Bloomberg, Getty, Baby Boomers, Pew Research Center, University of North, University of North Carolina’s Kenan, Flagler Business School, Conference Board, CNN Locations: Minneapolis, America, Bolivia , North Carolina

☆ Tech roles are still ‘the most in-demand,' says job market expert—but you need these skills to land them
▼ + stars: | 2023-07-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

But fear not, says Richard Wahlquist, chief executive at the American Staffing Association, a trade group that represents staffing companies across industries. "Despite recent headlines involving layoffs at major companies, tech jobs remain among the most in-demand jobs in the labor market," Wahlquist tells CNBC Make It. What has changed about the tech hiring landscape: the jobs are less at Big Tech companies. Instead, tech workers should target their job search at small and medium-sized enterprises, says Wahlquist. Indeed, ZipRecruiter's chief economist Julia Pollak said in February on CNBC's "The Exchange" that even the tech workers who had been laid off found new jobs quickly.

Persons: Richard Wahlquist, Julia Pollak Organizations: American Staffing Association, CNBC, Big Tech Locations: Wahlquist

☆ Fewer Americans are taking time off for vacation this summer, and it might be due to inflation
▼ + stars: | 2023-07-07 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +3 min

Fewer workers are taking time off for vacation or personal days, compared to last year. The following chart shows that the post-pandemic recovery in the number of workers taking vacation in June has stalled, with a slight drop from June 2022 to June 2023. To be sure, airline ticket inflation isn't as bad as it was last year. Even so, airline ticket inflation came in at 30.2% for all of 2022. When it comes to why fewer Americans are taking time off for vacation this summer, Acting Secretary of Labor Julie Su told Insider that it's "an important question."

Persons: Julia Pollak, —, who's, Bianca Giacobone, Hopper, Labor Julie Su, Su, Dan Latu, Ric Kenworthy, Latu, They're Organizations: Labor Statistics, Service, lastest Bureau of Labor Statistics, Labor Locations: lastest, Europe, Asia, Phoenix

☆ The job market is still favorable for workers. ‘You’re in a lucky position,’ economist says
▼ + stars: | 2023-07-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

The U.S. job market is gradually cooling but remains hot despite a year-long government campaign to reign it in, amounting to a favorable environment for many jobseekers, economists said. "You're in a lucky position," she added, referring to employees. Since most workers quit for new employment, the uptick suggests a rebound in workers' confidence they can find a new job, economists said. While job openings — a barometer of business' demand for workers — fell by about 500,000 in May, they remain well above their pre-pandemic level. In all, job openings and monthly quits are respectively 40% and 15% higher than they were before the Covid-19 pandemic, while monthly layoffs are 21% lower, pointing to a "robust and resilient labor market," Pollak said.

Persons: Julia Pollak, —, Pollak Organizations: Federal, Finance, Companies, Labor, U.S . Bureau of Labor Statistics

☆ 5 in-demand summer jobs that pay over $20 an hour—and where to find them
▼ + stars: | 2023-06-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Summer may have officially started on June 21, but the summer job market has been hot for weeks as restaurants, waterparks and other businesses staff up for their busiest seasons. Pollak has also noticed that summer hiring has been strong across a broader range of industries this year than last, with hotels, movie theaters and sports venues needing just as many seasonal workers as summer camps and swimming pools. If you're still looking for a summer job, there are plenty of in-demand gigs that pay at least $20 an hour and offer overtime opportunities, which can help you maximize your income. Here are five in-demand summer jobs that pay well, according to data from ZipRecruiter and Indeed:Summer jobs are getting more competitive, however: ZipRecruiter is seeing 40% more applications to summer jobs compared to this time last year, partly driven by an increase in jobseeker search traffic. Beyond online job boards like Indeed, ZipRecruiter and LinkedIn, cities will often post seasonal gigs or summer job opportunities in the area on their local government websites.

Persons: Julia Pollak, Pollak, ZipRecruiter Organizations: ZipRecruiter, NPR Locations: Massachusetts, ZipRecruiter, York

☆ Hustle culture isn't dead, it just got a Gen Z rebrand: 'People want time to live their lives'
▼ + stars: | 2023-06-28 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +6 min

The oldest members of Gen Z are just a few years into being part of the workforce, and they're already being stereotyped as lazy. Hustle culture isn't dead — it's just getting a Gen Z rebrand. When I think of my peers and Gen Z, I don't hear anyone talk about corporate success or climbing the corporate ladder. Jade WaltersWalters, like many of her peers, has a side hustle: The Ninth Semester, a Gen Z career resource. As Gen Zers gain ground in the labor force, it's likely those values will flow through other generations of workers, too.

Persons: Gen, they've, Gen Zers, — it's, Zers, Jade Walters, it's, Jade Walters Walters, Martha Bird, Walters, Covid, Bird, DeAndre Brown, Brown, Hustling Organizations: ADP Locations: Chicago, Los Angeles

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