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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
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,
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
5 Trends to Bet Your Career On
  + stars: | 2023-11-22 | by ( Business Insider | ) www.businessinsider.com   time to read: +1 min
Innovation undoubtedly drives business growth — but it also powers new and exciting career opportunities. Artificial intelligence probably comes to mind as one example, especially in the wake of generative AI, but that's not the only story. AdvertisementIn this series, 5 Trends to Bet Your Career On, Business Insider is highlighting five fast-moving trends that are activating new professional opportunities for those just starting out, as well as those looking for something new. Each of the trends is explained in detail, with an accompanying essay from someone who has chosen that path. Credits:Series Editors: Madeline Berg, Lauryn Haas, Julia Hood, Manseen Logan, Nathan McAlone, Josée Rose, Bartie Scott, Debbie Strong.
Persons: that's, Madeline Berg, Lauryn Haas, Julia Hood, Manseen Logan, Nathan McAlone, Josée Rose, Bartie Scott, Debbie Strong, Marta Biino, Catherine Boudreau, Alyshia, Madison Hoff, Aaron Mok, Amanda Perelli, Noah Sheidlower, Aria Yang, Jinyoung Chang, Rodriguez, Bryan Erickson, Taylor Tyson, Rebecca Zisser Organizations: Business Locations: Alyshia Hull
Insider looked at employment projections for work related to construction and infrastructure. Both white-collar and blue-collar jobs are poised to boom, with demand for construction laborers and truck drivers, as well as business services. President Joe Biden is also behind the need for more infrastructure construction. Construction and infrastructure jobs are growingConstruction laborers are projected to see employment growth of 61,900 from 2022 to 2032. This job typically requires a postsecondary nondegree award for entry and long-term on-the-job training for competency.
Persons: , Hannah Jones, Joe Biden, Kit Dickinson, Ed Brady, remodelers, Carpenter, Dickinson, Nela Richardson, Brady, Organizations: Service, Law, Georgetown University Center, Education, Workforce, Bureau of Labor Statistics, Home Builders Institute, National Association of Home Builders, BLS
She currently works as a substitute teacher and enjoys the flexibility. She recalled her first teaching job at an alternative education school and being able to help students beyond the classroom. AdvertisementDonna described herself as a strict substitute teacher but believes school should be a joyful experience. AdvertisementShe did sales in the senior care industry before moving into operational leadership work in the industry. However, she did return to the senior care industry and held a job in senior care during the pandemic.
Persons: Donna, , they're, it's Organizations: Service Locations: Florida, California
While many experts don't see inflation getting back to normal just yet, it could in a year or two. Consumer price inflation has been mostly slowing this year. Some experts see inflation as measured by the Consumer Price Index being around 2% — the Fed's target year-over-year rate of price growth — by some time in 2024. Advertisement"We foresee headline and core CPI inflation around 2.2% y/y in Q4 2024," Daco said in his commentary. Goldman Sachs forecasts that measure is expected to cool off and see a 2.4% year-over-year increase in December 2024.
Persons: J.P, David Kelly, , Gregory Daco, Daco, Kelly, ING's James Knightley, Sarah Foster's, Goldman Sachs, Jerome Powell, Powell, Mark Hamrick, Hamrick Organizations: Morgan, Service, Consumer, CPI, Morgan Asset Management, Bankrate, Federal Reserve, Federal, Business
A new report suggests there will likely be more Gen Zers working full-time than boomers by early 2024. Meanwhile, some Gen Xers are getting ready to make retirement decisions. That shift in demographics is expected to change how employers attract young talent since Gen Zers have different priorities compared to their older colleagues. "We know that the types of workplace culture and benefits that Gen Z values is different than baby boomers." "Particularly in contrast to Gen Z, Gen X is a little bit more cautious about asking and demanding change and transparency and voice in the workplace," Terrazas said.
Persons: millennials, Xers, , Gen Zers, Aaron Terrazas, Terrazas, Zers, Z, Chelsea Williams, Williams, Gen, they're, Gen Z, X Organizations: Service, Business, Pew Research Locations: millennials
Inflation cooled off in October
  + stars: | 2023-11-14 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +4 min
Inflation cooled off in October based on new year-over-year data out Tuesday. The Consumer Price Index increased 3.2% year over year in October, less than the year-over-year increase of 3.7% in September. AdvertisementInflation cooled but is still above the Fed's 2% target per the year-over-year change in the Consumer Price Index, or CPI, for October. The year-over-year increase in October was just less than the forecast of 3.3%, and the increase is less than the September's 3.7% year-over-year increase . AdvertisementThe food index didn't see as large an increase as the shelter index, with a year-over-year increase of 3.3%.
Persons: , David Kelly, Kelly, Jerome Powell, Powell Organizations: Service, of Labor Statistics, Bureau of Labor Statistics, Morgan Asset Management, PMI, Federal Reserve, Federal
He wants to cut through the noise to help people understand which side hustles actually work, are relatively easy to start, and can make money. Below are a few of the side hustles Ryan told Insider about in the new interview. iVueitIf you want a side hustle to work around your employment schedule, Ryan recommends trying property inspection app iVueit . AdvertisementAdvertisementUser-generated contentRyan previously told Insider about his success making user-generated content or UGC, using a platform called JoinBrands. Sells said JoinBrands can be a good side hustle because brands are interested in all different kinds of people to make user-generated content.
Persons: Ryan, , Ryan doesn't, he's, hustles Ryan, I've, Ian Sells, Sells Organizations: Service, Walmart, Amazon, UGC
Wage growth has slowed; average hourly earnings increased 4.1% year over year in October. That measure of wage growth has steadily slid from the almost 6% year-over-year increases in March 2022 and April 2022. Even with slowing wage growth, workers may finally be seeing their earnings catch up to the big spike in inflation. Year-over-year changes from BLS show there has been real wage growth in recent months, based on average hourly earnings outpacing CPI inflation. "I think if we continue to see wage growth moderate, hopefully inflation moderates even more, and we continue to see more workers getting more inflation-adjusted raises."
Persons: , Julia Pollak, Lydia Boussour, Jerome Powell, Pollak, Nick Bunker, Bunker Organizations: Service, of Labor Statistics, Fed, Economics, Wells, Wells Fargo Bank, BLS, North America Locations: Wells Fargo
A teacher was making six figures in her previous teaching job in California. She talks about teachers' pay and what she wishes students and parents knew about teaching. AdvertisementAdvertisementSarah loved her six-figure teaching job and the school she was working for in California. "I think school districts and states who make the rules on teacher pay do not fully understand how important that is to retaining teachers." And I think the kids think, well, they gave me a bad grade and they don't like me.
Persons: , Sarah, she'd, Sarah —, she's, Sylvia Allegretto, would've, we're, That's Organizations: Service, Center for Economic, Policy Research, Economic, Institute Locations: California, Florida
AdvertisementAdvertisementThe US economy added 150,000 jobs in October, based on nonfarm payroll employment growth from the Bureau of Labor Statistics or BLS. That's less than September's revised job growth of 297,000. After two straight months of an unemployment rate at 3.8%, the unemployment rate rose slightly to 3.9%. Some of the industries that saw job growth from September to October included healthcare, construction, and leisure and hospitality. "The labor market remains tight, but supply and demand conditions continue to come into better balance," Powell said.
Persons: Jerome Powell, , payrolls, Biden, Labor Julie Su, Aaron Terrazas, Nick Bunker, that's, Bunker, might've, Terrazas, Powell Organizations: Service, Bureau of Labor Statistics, BLS, Labor, That's, North America, Gross, Bureau, Board, Conference Board
There was also an increase in food insecurity for households with children from 2021 to 2022. AdvertisementAdvertisementAbout 3.5 million more US households were food insecure for at least part of 2022 than in 2021. Food insecurity is when the "ability to acquire adequate food is limited by a lack of money and other resources," per the report. Around 17 million households, or 12.8% of US households, were food insecure in 2022. Hall said the 40% increase in food insecurity for households with children, from 4.6 million households to 6.4 million households, was also discouraging given the large fall in 2021.
Persons: Chloe East, , Lauren Hall, Hall, Tom Vilsack, Vilsack Organizations: Hamilton, Brookings, Service, US Department of Agriculture, University of Colorado, SNAP, Budget, Women, USDA Locations: University of Colorado Denver, America
It's expected to pause interest rate hikes. On Wednesday, the Federal Open Market Committee is expected to announce its next interest rate decision, and a hike probably isn't in the cards. In September, the Fed paused interest rate hikes as it continued to receive promising data on the country's economic recovery. Powell has not indicated whether a interest rate cut will come this year to get consumers further relief. AdvertisementAdvertisementEven if interest rate cuts are not on the horizon anytime soon, administration officials are confident Americans will not face a recession as they enter 2024.
Persons: It's, , Nick Bunker, Bunker, Jerome Powell, Powell, we've, Greg McBride, we're, McBride, Janet Yellen, Joelle Gamble, Gamble Organizations: Federal, Service, Fed, North America, New York Federal, Bloomberg, White, National Economic Council Locations: Israel, Ukraine
Labor shortages in healthcare, education, and other fields aren't going away soon. Childcare and skilled trades may also see labor shortages stick around. "For economists, labor shortages are these longer term, enduring structural shortages where labor supply is not able to adapt to changes in demand," Aaron Terrazas, chief economist at Glassdoor, told Insider. Indeed economist Cory Stahle pointed to overlooked talent pools as a way to address labor shortages. AdvertisementAdvertisementBelow are some of the kinds of work and industries where there may be labor shortages long term.
Persons: , Aaron Terrazas, Julia Pollak, ZipRecruiter, Pollak, it's, isn't, Terrazas, Cory Stahle, Stahle Organizations: Service, Pew Research Center, of Labor Statistics
Real GDP rose 4.9% at an annualized rate in the third quarter. That greatly surpasses the roughly 2% seen in both the first and second quarter of this year. AdvertisementAdvertisementThe US economy saw much higher GDP growth in the third quarter than the first two quarters of the year. The advance estimate suggests much stronger growth than the roughly 2% rates seen in the first and second quarters of the year. Meanwhile, real fixed investments slowed from 5.2% in the second quarter to 0.8% in the third quarter.
Persons: , Larry Adam, Raymond James Organizations: Service, Board
Insider examined the median earnings by field of bachelor's degree using data from the Census Bureau. Finance, accounting, and nursing are non-engineering degrees that also had high median earnings. The following chart shows median earnings based on the field of the bachelor's degree for the first major reported by survey respondents. Below are the highest median earnings by field of bachelor's degree based on just those with a bachelor's. Looking at these results, which include graduates that might have more advanced degrees, the median earnings for electrical engineering was $121,600.
Persons: Organizations: . Finance, Service, Survey
There are different things workers can do if they are feeling burned out while working from home. All of these different ways to get ready for the work day have helped Couse with her self-described work-from-home fatigue. Carpineto and Couse shared several tips about working remotely and alleviating burnout, based on their experiences. Workers also should still make an effort to get ready for the day even if they are working from home, she said. AdvertisementAdvertisementOverall, there are a few different things remote workers can do.
Persons: , Couse's, Couse, Gleb Tsipursky, Tsipursky, Sherri Carpineto, Sherri Carpineto Sherri Carpineto, Carpineto, doesn't, you'd Organizations: Service, Workers, COVID Locations: Indiana, mhoff@insider.com
Nicole, a third-grade teacher, believes teachers need more money from schools for supplies and materials. Based on documentation shared with Insider, Nicole had spent a minimum of $4,000 of her own money on classroom materials and supplies since 2019. "Teachers said the median classroom school supply budget during the 2022-2023 school year was $200," a post about the results on AdoptAClassroom.org said. Nicole said that if teachers only spent the money given to them, "it would make our lives very difficult." AdvertisementAdvertisement"I think based on the amount of money teachers spend each year on supplies, resources, etc., school districts should provide teachers with more money," Nicole told Insider.
Persons: Nicole, , AdoptAClassroom.org, Sylvia Allegretto, Allegretto, That's Organizations: Service, school's, Center for Economic, Policy Research, Economic Policy Institute Locations: New York
Lean In's CEO said fixing the "broken rung" would mean more women representation in the work pipeline. The report found that "for every 100 men promoted from entry level to manager, 87 women were promoted." "While we have this laser focus typically on the glass ceiling, what we need is a laser focus on the broken rung," Alexis Krivkovich, a senior partner for McKinsey, told Insider. "While companies are increasing women's representation at the top, doing so without addressing the broken rung offers only a temporary stopgap," the report stated. The broken rung doesn't have to be a never-ending problem.
Persons: Lean, , Alexis Krivkovich, Rachel Thomas, Krivkovich, Thomas, evaluators Organizations: McKinsey, Service, McKinsey & Company, Lean, Companies
After three decades, Julie Clark recently sold CAST Preschool and Childcare Center in Connecticut. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementJulie Clark, the cofounder of the CAST Preschool and Childcare Center in Woodbury, Connecticut, said her "goal was really to form a community, not just a school." After more than 30 years, Clark sold her childcare center this past summer. It's hard for centers to find staffSome teachers had worked for CAST Preschool and Childcare Center for at least 15 years.
Persons: Julie Clark, Clark, could've, , I've, Allison Robinson, Robinson, We've, Julie Kashen Organizations: CAST, Service, Department of Labor, The Century Foundation, Labor Statistics Locations: Connecticut, Woodbury , Connecticut
A recent report highlighted the pay penalty between teachers and college graduates in other roles. The author found this pay penalty was at a record in 2022 when controlling for education and other factors. There's also a total compensation penalty for teachers when factoring in benefits like healthcare and retirement plans. Before the pandemic, the total compensation penalty was 10.2% in 2019 — with a benefits advantage of 9.0% and a wage penalty of 19.2%. At the same time teachers face a pay penalty, many use what they make to buy supplies and other items for their classrooms.
Persons: , Sylvia Allegretto, Alana Ward, NPR's Michel Martin, COVID, we're, Allegretto, Kuehne Organizations: Service, Center for Economic, Policy Research, Economic Policy Institute, Survey, McKinsey
That's the same as the year-over-year increase of 3.7% in August. Core CPI increased 4.1% from September 2022 to September this year. AdvertisementAdvertisementInflation is still elevated and held steady in September, based on Consumer Price Index or CPI data out Thursday. The year-over-year increase in this index had been falling, based on data before Thursday's data release. AdvertisementAdvertisementCore CPI index increased 0.3% from August to September.
Persons: , Julia Pollak, ZipRecruiter, Pollak, Price, Gregory Daco Organizations: Service, Consumer, Index, CPI, Bureau of Labor Statistics, BLS, payrolls
Newly released results from Universum indicate where business students most want to get a job at. AdvertisementAdvertisementApple, Deloitte, and L'Oréal Group are three of the most highly attractive companies for business students, Universum's newly published business-student ranking suggested. The business ranking is just one of the rankings part of the World's Most Attractive Employers report from Universum, an employer-branding company. 2 in the ranking based on what business students said. AdvertisementAdvertisementThe following are the 20 employers that made the top of the list based on responses from business students.
Persons: Morgan, , Morgan Stanley Organizations: Apple, Google, Service, Deloitte, L'Oréal, Nike, Industry Locations: Universum, India, France, J.P
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