Slightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.
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
Carvana announces 200-job expansion at Plainfield site
Arizona-based used-car retailer Carvana says it intends to add inspection and reconditioning services at its auto auction site in Plainfield to establish what it calls a Megasite.
UPDATE: Biden blocks Nippon’s acquisition of U.S. Steel
Biden’s decision—attributed by other news organizations to unnamed sources—comes just days after Japan-based Nippon proposed giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity.”
Applications for unemployment benefits hold steady, but continuing claims rise to 3-year high
The labor market has hinted at some softening recently but remains broadly healthy and has held up better than many economists predicted considering that interest rates have been elevated for years.
U.S. adds 227,000 jobs in rebound from October slowdown
Friday’s report from the Labor Department report showed that the unemployment rate ticked up from 4.1% in October to a still-low 4.2%.
U.S. job openings rose last month, but hiring slowed
Taken as a whole, Tuesday’s figures suggest that the job market might be stabilizing at a modest level, with hiring moderate but layoffs uncommonly low.
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.
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.