Tag Archives: Employment

U.S. is at ‘effectively peak employment’

U.S. is at ‘effectively peak employment’

The tight U.S. labor market may have reached a new peak this year with wage growth soon to follow. Last month employers added a surprise 528,000 jobs — a stunning figure that doubled Wall Street estimates and reflected the labor market fully recovered from pandemic job losses — while the unemployment rate ticked down to 3.5%, according to the Bureau of Labor Statistics. “What you have right now is effectively peak employment,” ZipRecruiter CEO Ian Siegal told Yahoo Finance (video above)…. Source link

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Teens Are Taking High Paying Jobs, Filling Employment Gaps Left by Adults During COVID

kate_sept2004 / Getty Images Teenagers are suddenly a hot commodity in the U.S. labor market this summer, as employers scramble to fill jobs in a market where numerous industries face severe worker shortages. See: Teens Can Expect Plenty of Job Opportunities This Summer, and Wages Are UpFind: Should Teens Save for College or Retirement? Take Our Poll Nearly six million Americans between the ages of 16 and 19 are leveraging a shortage of adult workers to find jobs this summer, the Financial… Source link

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