Published May 16, 2023 Job seekers’ relocating for new jobs fell to the lowest level on record in the first quarter of 2023, as employers continue to offer remote and hybrid positions and job seekers become unwilling to move for work. Meanwhile, rising interest rates mean...
Published May 4, 2023 Job Cuts Fall to Lowest Point of the Year, up 176% Over Same Month Last Year, YTD up 322%; Hiring Down 81% YTD U.S.-based employers announced 66,995 cuts in April, a 176% increase from the 24,286 cuts announced in April 2022. It fell...
Published April 18, 2023 Record Rate of New CEOs are Women: 32.25% The number of CEO changes at U.S. companies fell 17% from the 167 in February to 139 last month. March’s total is up 18% from the 119 CEOs who left their posts in the same...
Published April 13, 2023 Will Employers Add More Jobs for Teens in Face of Possible Recession? Last year, the annual unemployment rate for teens, at 10.8%, was at its lowest point since 1953, according to non-seasonally adjusted data from the Bureau of Labor Statistics (BLS). This data...
Jim Tankersley, Jeanna Smialek and Joe Rennison contributed reporting. Published APRIL 10, 2023 Read the full article here. Employers added 236,000 jobs as the Federal Reserve’s interest-rate increases appeared to take a toll. The unemployment rate fell to 3.5 percent. Layoffs had remained low across the economy for the...
Published April 6, 2023 U.S.-based employers announced 89,703 cuts in March, up 15% from the 77,770 announced in February. It is up 319% from the 21,387 cuts announced in the same month in 2022, according to a report released Thursday from global outplacement and business and...
Published April 4, 2023 In the face of new artificial intelligence models like ChatGPT, labor experts are struggling to understand the implication on the labor market. Goldman Sachs estimated 18% of jobs could be eliminated due to AI technology globally. To see what the software itself thought...
Published March 29, 2023 31% of Incoming CEOs are Women, Highest on Record The number of CEO changes at U.S. companies surged 49% from the 112 in January to 167 last month. February’s total is up 11% from the 151 CEOs who left their posts in the...
Published March 14, 2023 With news of layoffs soaring, American workers may feel disengaged and worried about their jobs. The upcoming March Madness tournament is the perfect way to reenergize workers and build morale among teams. However, employment and wages have risen over the last...
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