Tag Archives: jobs

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 17, 2021 No skills? No degree? You’re hired.  The hiring logjam showed some signs of easing in July.  But companies in the trenches trying to match labor demand and supply still see a market that continues to be imbalanced — and tilted heavily towards those looking for work.  “No matter what source you use right now,… Source link

A better-than-expected jobs report for July shows the economy may soon be ready to run with reduced support from the Federal Reserve. Data from the U.S. Bureau of Labor Statistics released Friday morning showed 943,000 non-farm payroll gains last month, with the unemployment rate falling to 5.4%. The economy continues to inch closer to pre-pandemic shape. In the depths of the economic shutdown, employment levels dropped by as much as 22.4 million. As of July 2021, the economy appeared to… Source link

Stock futures opened slightly lower Thursday evening ahead of a key labor market report, which is set to offer a fuller picture of the labor market’s recovery and help inform the next moves for monetary policymakers.  Contracts on the S&P 500 were flat to down slightly as the overnight session kicked off. The blue-chip index closed at a record high on Thursday, shaking off declines from a day earlier. The Dow and Nasdaq also ended in positive territory.  For investors, all eyes on Friday… Source link

Stock futures traded slightly lower Tuesday evening after closing higher during the regular trading day, with investors’ optimism over rebounding corporate earnings helping counterbalance ongoing concerns over the coronavirus. Contracts on the Dow ticked down. Earlier, the 30-stock index closed higher for the first time in three session and came within striking distance of an all-time high. The S&P 500 and Nasdaq also gained.  Shares of ride-hailing company Lyft (LYFT) gained in late trading… Source link

The rate at which Americans quit their jobs hit a historic high this spring, and workers may not be done job-hopping this year. More than a third of workers (37%) are either thinking of leaving their current jobs or are already preparing to make the move, according to a Yahoo Finance/Harris Poll survey of 1,639 U.S. adults conducted June 25-28, 2021. Four in five of the potential quitters (83%) want to make the move in the next six months, while the same percentage said they’ve been… Source link

The hotel industry is unlikely to fully recover from the COVID-19 pandemic-caused labor shortage anytime soon as it battles with retailers, restaurants and others for workers, while also dealing with a bumpy demand recovery.  About 500,000 direct hotel operations jobs lost during the pandemic in the U.S. will not have returned by the end of the year, according to a new study from the American Hotel & Lodging Association (AHLA). The U.S. hotel industry is expected to directly employ 1.86… Source link

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

Stock futures opened TK Thursday evening as investors looked ahead to a key report on the U.S. labor market recovery. Contracts on the S&P 500 TK after the blue-chip index set an all-time high during Thursday’s session, kicking off the start of the third quarter on a high note. Both the Nasdaq and Dow also closed out Thursday’s session higher.  On Friday, investors will receive the U.S. Labor Department’s June jobs report, the central economic data point coming out this week. The print is… Source link

The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead staying home trading Bitcoin and other cryptocurrencies.  “They’re pulling back on the hours they’re looking to work based on what’s… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, June 7, 2021 Good, but with plenty to worry about. As usual. “The basic story is of an economy that is recovering well, and which can generally find the workers that it needs,” UBS’s Paul Donovan said on Friday. With that single sentence, Donovan does a nice job capturing the state of the economy. And while some economists and policymakers… Source link