U.S. employers add just 12K jobs as hurricanes, strikes reduce payrolls
The employment report for October also revised down the government’s estimate of the job gains in August and September.
Jobs/Careers
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10 tips for giving interns the best experience possible
Pay your interns, give them a good onboarding experience and provide practical experience. Those are among the tips IBJ gathered from employers, students and internship coordinators.
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How will AI impact Indiana’s workforce? It’s complicated.
Advances in technology traditionally have had the biggest impact on more physical jobs, but generative AI tools will likely be most disruptive for jobs that require brains, not brawn.
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Amazon’s belt-tightening affects towns across United States
For years, Amazon has been in super growth mode. But now, some projects are facing delays, and some communities worry the projects might never materialize.
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Mercury Marine to open global distribution center in Brownsburg
The marine manufacturer, a division of Brunswick Corp., said the facility will create about 250 jobs.
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Articles
U.S. job openings fall to 3-1/2-year low
The Labor Department reported Tuesday that the number of job openings dropped to 7.4 million in September from 7.9 million in August.
Technology job market status: Better but not great
More than two years into a tech-sector downturn, people in touch with Indiana’s tech job market say they’re seeing signs of better days ahead. But, they add, no one should expect a return to the red-hot job market that preceded the current slump.
Applications for jobless benefits fall, but continuing claims rise to highest level since 2021
The rising level of continuing claims suggests that some who are receiving benefits are finding it harder to land new jobs. That could mean that demand for workers is waning, even as the economy remains strong.
American consumers feeling less confident as concerns about jobs take center stage
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021.
Sluggish jobs report clears the way for Federal Reserve to cut interest rates
Collectively, Friday’s figures depict a job market slowing under the pressure of high interest rates but still growing.
U.S. job openings fall as demand for workers weakens
The number of job openings has been trending gradually down over the past year. Yet there are still roughly 1.1 job openings for every unemployed person, Wednesday’s report showed.
Big fix to jobs data shows labor market was far weaker than previously reported
The government reported Wednesday that the economy created 818,000 fewer jobs from April 2023 through March 2024, in the biggest revision to federal jobs data in 15 years.
Japan’s Nikkei index has its worst day in decades as markets quake over risks to US economy
A report Friday showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing the euphoria that had taken the Nikkei 225 to all-times highs of over 42,000 in recent weeks.
U.S. added just 114,000 jobs in July; unemployment rate rises to 4.3%
Friday’s report from the Labor Department showed that employers added 35% fewer jobs than forecasters had expected and the unemployment rate hit its highest level since October 2021.
U.S. job openings fall slightly, but remain higher than expected
Layoffs dropped to 1.5 million, lowest since November 2022 and down from 1.7 million in May, a sign that employers remains reluctant to let go of staff.
Economy added 272,000 jobs in May, surging past expectations
The hotter-than-expected data complicates the overall picture of the labor market as Federal Reserve policymakers look for signs of a softening economy as an indication that inflation can come down enough to lower high interest rates later in the year.
U.S. job openings fall to 8.1M, lowest since 2021
Openings remained at historically strong levels despite high interest rates and signs the economy is slowing.
U.S. job openings fall to lowest level in more than 3 years
The number of Americans quitting their jobs fell to the lowest level since January 2021—a sign of diminishing confidence in their ability to find something better. But layoffs fell.
Employers added 303,000 jobs in March, soaring past expectations
The unemployment rate fell to 3.8 percent last month, the Bureau of Labor Statistics reported Friday, extending the longest stretch of unemployment below 4 percent in five decades.
Free weekend clinic to educate youth about non-playing basketball careers
Spots are still open for The Business of Basketball, a free clinic that’s part of the NBA’s effort to develop youth interest in basketball.
Job cuts part of Hillenbrand’s ‘restructuring’ plan
Indiana-based Hillenbrand Inc. is planning to launch a program designed to reduce costs and improve operational efficiency after what is being described as a weaker-than-expected performance from one of its primary business segments.
Salesforce to cut about 700 workers, adding to tech layoff flood
Other tech companies, such as Microsoft Corp., Alphabet Inc.’s Google and Amazon.com Inc., also signaled layoffs this month.
Once red hot, job market has cooled; unemployment still low
Employers are doing a lot less hiring than they were a year ago—a sign that the job market in Indianapolis, and nationwide, has cooled considerably.
Few students signed up for career scholarships, as lawmakers look to expand the law
Just over 200 Indiana students received state funding for job training in the first year of the state’s Career Scholarship Accounts program.