Jobs market research

Share to Twitter Share to Linkedin Here is the published version of this week’s Forbes Careers newsletter, which brings the latest news, commentary and ideas about the workplace, leadership and the future of work straight to your inbox every Wednesday. Click here to get on the newsletter list ! A mid soaring inflation, getting a pay raise is on everyone’s mind. How to negotiate for more pay . How to get a great performance review that leads to a boost in comp. How to develop a side project for a boost in income. But a new analysis of government data from the Pew Research Center finds your best bet might just be switching jobs. Our communities and leadership team intern Ethan Steinberg covered the report last week, writing that it not only confirms the conventional wisdom that changing companies is the best route to a pay bump, but appears to suggest a growing gap in the fortunes of those who stay put versus those who switch jobs. … [Read more...] about Pay Raises Really Are Tied To Switching Jobs, Workers Want Abortion Access Benefits And Bill Russell’s Leadership

Share to Twitter Share to Linkedin It really does pay to change jobs. During the second year of the pandemic, according to a new Pew Research Center analysis, half of workers who changed jobs saw their pay increase nearly 10%. The median worker who stayed put saw an inflation-adjusted loss of almost 2%. I t’s long been thought that changing companies leads to bigger bumps in pay than asking for a raise from the same employer. Now, a new analysis of government data confirms that conventional wisdom—but appears to suggest a growing gap in the fortunes of those who stay put versus those who switch jobs, as high inflation and record turnover rates amid the Great Resignation have shaken up the job market. Sixty percent of workers who changed jobs between April 2021 and March of this year reported an increase in their wages, as adjusted for inflation, significantly more than the 51% of job switchers who said they saw wage gains the year before, according to a … [Read more...] about Want A Pay Raise? Switching Jobs Has Much More Upside Amid Soaring Inflation, Report Finds

Share to Twitter Share to Linkedin An ancient Latin proverb applies to most any pursuit in life: “If the wind will not serve, take to the oars.” That timeless counsel seems especially pertinent for anyone searching for employment. Doubly so in a volatile job market. Some experts predict that, by 2025, people in their 30s will comprise the majority of the world’s workforce. Most of those people are still navigating the early stages of their careers. They’re facing the challenge of establishing their own personal “brands” and standing out in a crowded pool of applicants. Unfortunately, many of the applicants in that pool are ill-prepared for launching—not to mention advancing—their careers. Mark Zides can help. As founder and chief executive of CoreAxis Consulting , an award-winning talent management firm, he teaches young adults the skills they need to climb the ladder of career success. His new book is The #PACE Process for Early Career … [Read more...] about Helpful Tips For Your Job Hunting Journey

Share to Twitter Share to Linkedin Topline Several Wall Street experts are warning that despite moving higher in recent weeks, the stock market still has further to fall—with recent gains likely to be nothing more than a “bear market rally,” as investor concerns about Fed rate hikes and slowing economic growth continue to weigh on markets. Key Facts Despite an earnings season marked by profit warnings from major companies, the stock market has risen significantly from its low point on June 16, with the S&P 500 gaining roughly 12% and rallying for the last three weeks in a row. With stocks starting to recover from a brutal selloff in the first half of the year, investors are now debating whether recent gains are merely a bear market rally—with stocks set to hit new lows—or the start of a new bull market. Analysts at Bank of America argue that it’s “premature to declare a ‘big low’ in the market,” predicting more downside ahead and … [Read more...] about Some Experts Are Warning Of A ‘Bear Market Rally’—Here’s Why Stocks Could Hit New Lows

Minneapolis (CNN Business) When the latest jobs report comes out on Friday, it very well could show the smallest number of positions added in the past 18 months. The US economy is expected to have gained around 250,000 jobs last month, according to Refinitiv. While that's far from the 456,000 average monthly gains so far this year, it's not a sign that the sky is falling, economists say. In fact, it's exactly what the Federal Reserve wants to see. A more sustainable pace of employment growth is part of the Fed's game plan as the central bank looks to extinguish high inflation without completely upending the labor market or triggering a recession. Last month, payroll gains came in hot, surpassing expectations with 372,000 jobs added during June -- giving the Fed a green light to act aggressively with little fear of damaging the labor market. "If we got a number that was anything like the June number, the Fed would be rightfully worried, and I … [Read more...] about Friday’s job report will likely show slower growth. That’s what the Fed wants

A pedestrian passes a "Help Wanted" sign in the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS U.S. employers hired far more workers than expected in July, with the unemployment rate falling to a pre-pandemic low of 3.5%, providing the strongest evidence yet that the economy was not in recession. Nonfarm payrolls increased by 528,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for June was revised higher to show 398,000 jobs created instead of the previously reported 372,000. That marked the 19th straight month of payrolls expansion. The unemployment rate was at 3.6% in June. Economists polled by Reuters had forecast payrolls rising by 250,000 jobs and the unemployment rate steady at 3.6%. Estimates ranged from as low as 75,000 to as high 325,000 jobs. The employment report painted a picture of a fairly healthy economy muddling despite back-to-back quarters of contraction in gross … [Read more...] about US job growth beats expectations; unemployment rate falls to 3.5%

Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?

Share to Twitter Share to Linkedin A new salary survey of AI professionals and data scientists was released today , showing unprecedented annual increase in compensation for data analysis skills and experience. The Burtchworks survey of 1,841 data professionals (1,265 Data Scientists and 576 AI Professionals), conducted from May 2021 to April 2022, found “the largest salary increases we have ever reported, across all job levels.” The increases in mean base salaries over this period for AI Professionals ranged from 11% for level 1 individual contributors to 10% for level 3 managers and from 13% for level 1 data scientist individual contributor to 10% for level 3 data scientist manager. The most notable salary increases were across all managerial levels, with companies looking for “professionals who have extensive experience and are able to hit the ground running, especially given the Great Resignation and the prioritization of efficiently managing … [Read more...] about A Booming Market For AI Skills, With Salaries Topping $300,000

Gold, gold prices Gold prices were flat on Monday in the international markets after solid US jobs report last week boosted the prospect of aggressive interest rate hikes by the US Federal Reserve, lifting the dollar and bond yields. Spot gold was flat at $1,774.09 per ounce, as of 0121 GMT, after dropping 1 percent in the previous session. US gold futures were steady at $1,790.60. At 9:44am, gold contracts were trading 0.05 percent lower on the Multi-Commodity Exchange ( MCX ) at Rs 51,850 for 10 grams and silver added 0.07 percent at Rs 57,404 a kilogram. Precious metals gave up all the two days' consecutive gain as the US job report stood twice stronger than forecasted. US dollar, which moves opposite to gold prices, gained 0.82 percent on Friday may put pressure on precious metals today. However geopolitical tension between China and Taiwan may support the prices of gold at lower levels. Technically, after a marginal correction in precious metals, prices may rebound … [Read more...] about Gold Prices Today: Strong US jobs data to weigh in on yellow metal, support around Rs 51,500

Share to Twitter Share to Linkedin N o one wants to go back to the office—or at least, not five days a week. More than 90% of U.S. employees currently doing some remote work want the ability to stay virtual after the pandemic, and almost 40% would look for another job if their employer doesn’t offer the option, according to data from Gallup . For those hunting for a job that will let them stay remote, job-search site FlexJobs on Monday released its ninth annual list of the companies that posted the most remote jobs over the past year. After nearly two years of pandemic-driven remote work, the list includes a record number of new companies and a substantial variety of titles, both signs the shift to hiring for remote-based jobs is here to stay. “When you look at 2020 and the first year of the pandemic, the list didn’t change all that much in terms of the types of jobs being represented,” says Brie Reynolds, career services manager for … [Read more...] about The Top 100 Companies For Remote Jobs In 2022