Department jobs enterprise and innovation

Share to Twitter Share to Linkedin The US Federal Reserve System is living in the past and undoing the future. Chairman Jerome Powell and his colleagues have wielded interest rates like a sledgehammer, hoping to crush inflation the way Paul Volcker did in the 1980s. At this point, however, each additional swing of the sledgehammer hurts our chances of a “soft landing” in 2023 and a habitable planet in 2100. The sledgehammer cannot distinguish between companies that are building a clean, sustainable economy and those that keep us hyper-distracted by devices, hyper-addicted to fossil fuels and hyper-apathetic to inequality. It cannot distinguish between the haves who can weather a recession and the have-nots who will suffer most. Moreover, the Fed’s 2% inflation target is arbitrary. It was invented offhand in 1989 by Don Bash, Governor of the Reserve Bank of New Zealand, in response to a law mandating that the country’s central bank have a target. It’s … [Read more...] about Mr. Powell, Drop The Sledgehammer And Start Innovating

Share to Twitter Share to Linkedin Topline Despite waves of layoffs hitting some of the nation’s largest employers, the unemployment rate unexpectedly fell, and the labor market added back more jobs than expected in January—adding to signs the economy may not be slowing down enough enough for the Federal Reserve to back away from its aggressive campaign to tame rising prices. Key Facts Total employment increased by 517,000 in January—significantly more than the 187,000 new jobs economists were expecting, according to data released Friday by the Labor Department. Despite growing announcements of corporate layoffs last month, the unemployment rate fell to 3.4%—coming in below expectations for it to tick up to 3.6% and instead hitting the lowest level since 1969. "While we have seen many reported layoffs in the tech industry, there are other segments that are continuing to thrive," Bill Armstrong, president of recruiting at Safeguard … [Read more...] about Labor Market Added 517,000 Jobs In January—Unemployment Rate Falls To 54-Year Low Of 3.4%

Share to Twitter Share to Linkedin Topline Identity management company Okta announced plans on Thursday to lay off roughly 300 employees, one day after FedEx, DraftKings, cloud data company NetApp and automaker Rivian all announced major rounds of layoffs—the latest U.S. companies to implement job cuts as recession fears continue into 2023. Timeline February 2 Okta CEO Todd McKinnon unveiled plans to reduce the tech company’s workforce by 5% (roughly 300 positions) in a Securities and Exchange Commission filing on Thursday, citing a period of over-hiring over the past several years that did not account for the “macroeconomic reality we’re in today.” February 1 NetApp , a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff ( estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 “in light of the macroeconomic challenges and reduced spending environment.” … [Read more...] about 2023 Layoffs: Okta Slashes 300 Jobs As DraftKings, FedEx Cut Staff

Share to Twitter Share to Linkedin Day 3: Get to know the job market. This post is part of Forbes’ Career Challenge: Get Job-Search Ready In 15 Days . In 1987, Sallie Krawcheck secured a coveted job in investment banking on Wall Street. Shortly after she started, the 1987 crash followed. She found herself in a job she hated, in a cut-throat work culture she hated and in a time of crisis that exacerbated the problem. “I knew I didn't like investment banking. I didn't get it. I didn't enjoy it. I didn't love the work,” she said in an interview with Business Insider. In 1990, realizing this wasn’t the career she wanted, she started at Columbia Business School. Her goal in business school was to get out of financial services and switch to the media industry. According to plan, she landed a summer internship at Time, Inc. She was thrilled and excited at the prospect of working there full-time once the internship converted into a job. At the end of the … [Read more...] about How To Navigate The Flawed Job Market

Share to Twitter Share to Linkedin The Labor Department’s January employment report was extremely strong by absolutely any standard. Don’t be distracted by the argument that “seasonal adjustments are misleading.” It’s true that several monthly jobs reports have been suspect over the past couple of years because COVID-related disruptions in normal hiring cycles affected the normally benign seasonal adjustment process. Those problems, though, happened near the beginning or end of the academic year and showed up almost entirely in school employment numbers. In contrast, January’s strong jobs growth was very much a “what-you-see-is-what-you-get” report. Here are four key takeaways: First , there are 517,000 more jobs than in December, and almost 5 million more jobs than a year ago. Almost 25 million more jobs than in the worst of the COVID shutdown and 2.7 million more jobs than before the pandemic started. Second , the U.S. is in its fourth … [Read more...] about January’s Job Report Allays Big Concerns About The Economy’s Future

Share to Twitter Share to Linkedin The just-released Employment Situation Report from the Department of Labor for January 2023 reports an eye-opening 517,000 new payroll jobs. This is much higher than forecasts which predicted 200,000 or less. Payroll growth was widespread across sectors of the economy, with the largest gains in leisure/hospitality (128,000) and professional services (82,000) - representing the lowest and highest skill groups in the labor market. But growth was very widespread across sectors. The household data - which broadly move in the same direction as payroll but not necessarily in each month - were relatively stable, with unemployment dropping to 3.4% but labor force participation remaining roughly the same (at 62.4%). But perhaps the most important numbers - especially from the Federal Reserve’s point of view - were in hourly wage growth. For all workers, wage growth (on an annualized basis) was 3.6%, and for … [Read more...] about Schizophrenic Job Market: Very Strong Payroll Growth But Modest Wages

Share to Twitter Share to Linkedin Nagaraju Bandaru is CTO for Mosaic , a leading financing platform for U.S. residential solar and energy-efficient home improvements. With the passing of the Inflation Reduction Act (IRA), the U.S. government is expecting a boom in clean energy jobs . And according to a recent survey conducted by Mosaic, 75% of American adults said they would consider a job in clean energy. While it’s true that sustainable infrastructure initiatives like the IRA are contributing to the growth of this industry, since becoming the CTO of clean energy fintech, I have experienced a much deeper appeal that clean tech jobs hold. This new perspective has changed the way I think about work, so I wanted to share the top five things I have learned since moving into clean tech. 1. Work With Joy According to the old cliche, if you do what you love, you’ll never work a day in your life. But I would take that a step further and … [Read more...] about Five Things I’ve Learned As A CTO Of A Clean Tech Company

Share to Twitter Share to Linkedin The first hearing of the House Transportation & Infrastructure Committee kicked off today for the 118 th Congress. The hearing, The State of Transportation Infrastructure and Supply Chain Challenges , featured new Chairman Sam Graves (R-MO) and Ranking Member Rick Laursen (D-CA). The supply chain, labor, and regulation of freight rail, America’s best scoring infrastructure which drove $1 trillion to the US economy in 2021, were topics of the hearing. Roughly half of the $1.2 trillion of the Infrastructure Investment and Jobs Act (IIJA) falls under the jurisdiction of this committee. Chairman Graves laid out priorities of the committee, noting that America’s transportation network is essential and integral to American competitiveness, movement of goods and people, and quality of life. He noted how Covid-19 exposed the vulnerabilities of America’s transportation networks and was exacerbated by misguided regulation. A … [Read more...] about Freight Rail Pushes Past Pandemic Driving Billions To US Economy

Share to Twitter Share to Linkedin As CEO at ABusiness and SAP Architect, Jas helps enterprises solve SAP Integration challenges with over 200+ projects delivered. In the modern digital world, system integrations are key to ensuring that your business continues to run smoothly. However, with so many different types of middleware available from vendors like SAP, MuleSoft, Informatica, Boomi and Microsoft, it can be difficult to know which one is right for you. To help you select the right middleware for your organization, let’s take a look at what goes into choosing a middleware and the different options available. What is middleware? Middleware is a tool that connects two or more applications together by allowing them to share data and services. By using middleware, organizations can quickly and easily integrate their existing systems with new ones without having to create costly custom solutions from scratch. This makes it easier and more … [Read more...] about How To Select The Right Middleware Solution: SAP Integration Suite Or MuleSoft?

Share to Twitter Share to Linkedin Thomas is CEO & co-founder of Northern.tech , a device lifecycle management leader with a mission to secure the world's connected devices. Automotive, manufacturing, energy and healthcare, among others—each industry’s legacy giants are laboring on a new journey: how to compete in a software-defined world. Embarking on this industrial revolution via technology, today’s largest enterprises are and must undergo a cultural revolution. They must embrace software and technology as the linchpin for not just their business’ success but survival. The automotive industry, for example, showcases the dichotomy of legacy, physical-focused vehicle producers like Volkswagen struggling to compete with the new, software-focused producers like Tesla. In decades past, the top automotive manufacturers could and would outsource (or acquire) their way to the top. It was the definition of lean manufacturing the industry relied on … [Read more...] about How To Compete In A Software-Defined World