Red-hot summer job market awaits U.S. teens as employers sweat
Researchers predict an average of 33% of youths ages 16 to 19 will be employed each month from June through August this year, the highest such rate since 34% in the summer of 2007.
Employment
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U.S. wage increases show signs of peaking in welcome sign for Federal Reserve
After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and recent surveys.
Americans collecting unemployment benefits hit 53-year low
American workers are enjoying historically strong job security two years after the coronavirus pandemic plunged the economy into a short but devastating recession.
U.S. added 428,000 jobs in April despite surging inflation
With many industries slowed by labor shortages, companies have been jacking up wages to try to attract job applicants and retain their existing employees. Even so, pay raises haven’t kept pace with the spike in consumer prices.
Millions who retired early during pandemic now returning to work, new data shows
In some cases, workers say rising costs—and the inability to keep up while on a fixed income—are factoring heavily into their decisions.
U.S. jobless rate sinks to 3.9% as many more people find jobs
Wages also rose sharply, a sign that companies are competing fiercely to fill their open jobs. A record-high wave of quitting, as many workers seek better jobs, is also fueling pay raises.
Record 4.5 million Americans quit their jobs in November
Employers hired 6.7 million people in November, up from 6.5 million in October, the Labor Department reported Tuesday in its monthly Jobs Openings and Labor Turnover Survey.
2021 Year in Review: The year’s toughest job: Finding enough workers
Businesses that had been in COVID-19 lockdown mode for a year suddenly needed lots of employees to flip burgers, stock shelves and sell merchandise. Customers were back after restrictions were lifted and thousands of people were getting vaccinated.
For 2nd straight month, Americans quit jobs at a record pace
The figures point to a historic level of turmoil in the job market as newly-empowered workers quit jobs to take higher pay that is being dangled by businesses in need of help.
Citing burnout, women have been slow to return to U.S. workforce
A new report illustrates how the pandemic imposed a heavy toll on working women. It found one in three women over the past year had thought about leaving their jobs or “downshifting” their careers.
October jobs report expected to show pickup in hiring
After two disappointing months of hiring, a key question overhanging Friday’s U.S. jobs report for October will be whether companies found more success this time in filling millions of open positions.
Ascend Indiana using $23.8M to revamp its online job network
A not-for-profit workforce development initiative of the Central Indiana Corporate Partnership, Ascend Indiana is revamping the Ascend Network to better connect job seekers to career pathways and expand services to help bridge gaps in workforce needs.
Starbucks raising U.S. workers’ pay as union effort looms
Starbucks’ North America President Rossann Williams said the pay raises not only support workers but will enhance recruitment efforts in a challenging labor market. The company said it’s the third time in 24 months that it has raised workers’ pay.
IBJ Podcast: Can you afford to quit your job and be part of the Great Resignation?
Host Mason King talks with Peter “Pete the Planner” Dunn about how to prepare financially to leave your job. Plus, Pete offers a prediction about the stock market as the year comes to a close.
Puzzle overhanging job market: When will more people return?
To an extent that has surprised economists, many people who lost or quit their jobs during the pandemic recession have yet to look for work again despite a robust economic rebound that has left many employers desperate to hire.
Defense contractor ManTech International partners with Purdue on workforce development
Mantech International, a Virginia-based defense contractor with a burgeoning presence in Indiana, says a partnership with Purdue University’s online-learning division has helped the company grow its Indiana workforce.
Target, in a tight labor market, lowers holiday hiring goal
About 100,000 seasonal workers will be hired nationwide, the retailer said Thursday, about 30,000 less than last year. Many of those workers will be offered jobs beyond the holiday season.
Tight job market causing costs to rise at FedEx
The package delivery company said Tuesday that its costs are up $450 million in the most recent quarter, as it paid higher wages as it got harder to find new workers and demand for shipping increased.
Child-care workers are quitting rapidly, a red flag for economy
The numbers are staggering: The child-care services industry is still down 126,700 workers—more than a 10 percent decline from pre-pandemic levels, Labor Department data shows.
Amazon eyes 125K more hires at $18-plus per hour
Amazon’s starting pay is still $15 per hour, but with labor markets growing so tight in regions of the country, the company said new hires could make as much as $22.50 an hour. It’s also paying sign-on bonuses of $3,000 in some places.