The current job market is a ‘juggernaut,’ economist says. Here are 6 things to know as a job seeker

Thomas Barwick | Digitalvision | Getty Images 1. Unemployment is at historic lows The unemployment rate fell to 3.4% in January — the lowest since May 1969. Put another way: The last time the jobless rate was this low, Neil Armstrong hadn’t yet walked on the moon, Bunker said. In fact, you’d have to go … Read more

View More The current job market is a ‘juggernaut,’ economist says. Here are 6 things to know as a job seeker

Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022. Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000 and December’s gain of 260,000. related investing news The unemployment rate fell to 3.4% versus the estimate for 3.6%. That … Read more

View More Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

2022 was the ‘real year of the Great Resignation,’ says economist

andresr | E+ | Getty Images More than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market characterized by ample job opportunity. The trend of workers voluntarily leaving their jobs began in early 2021, as the … Read more

View More 2022 was the ‘real year of the Great Resignation,’ says economist

Amazon layoffs hit workers in robotics, grocery, health and AWS divisions

The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon’s 18,000-plus job cuts announced this month are being felt … Read more

View More Amazon layoffs hit workers in robotics, grocery, health and AWS divisions

U.S. unemployment system still plagued by delays 3 years after pandemic-era downturn

People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick T. Fallon | Afp | Getty Images These days the U.S. unemployment system is somewhat of an anomaly. Almost three years after the Covid-19 pandemic caused the worst jobless crisis in the U.S. since the … Read more

View More U.S. unemployment system still plagued by delays 3 years after pandemic-era downturn

Boeing to hire 10,000 workers in 2023 as it ramps up production

A worker performs quality checks on a Boeing Co. F/A-18 Super Hornet fighter aircraft at the Boeing Defense, Space & Security facility in St. Louis, Missouri, U.S., on Monday, July 24, 2018. Alex Flynn | Bloomberg | Getty Images Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases … Read more

View More Boeing to hire 10,000 workers in 2023 as it ramps up production

What is a ‘rolling recession’ and how does it affect consumers? Economic experts explain

By most measures, the U.S. economy is in solid shape. Although the first half of 2022 started off with negative growth, a strong labor market and resilient consumer helped turn things around and give hope for the year ahead. related investing news Gross domestic product, which tracks the overall health of the economy, rose more … Read more

View More What is a ‘rolling recession’ and how does it affect consumers? Economic experts explain

Tech layoffs aren’t hitting this digital job market where over 700,000 workers are needed

Sakorn Sukkasemsakorn | Istock | Getty Images Strong demand for cybersecurity workers is continuing even as big technology companies lay off thousands of employees. That’s not a big surprise, as cybersecurity is seen as one of the more resilient areas for tech investment in a more cautious economic environment — though even it is not … Read more

View More Tech layoffs aren’t hitting this digital job market where over 700,000 workers are needed

Amazon, Google, Meta, Microsoft lay off thousands — but tech jobs are still hot in 2023, Indeed finds

Thomas Barwick | DigitalVision | Getty Images Big-name tech firms like Amazon, Google, Meta and Microsoft are undergoing mass layoffs, but job prospects for applicants in the broader tech ecosystem are poised to be among the best of any industry in 2023, according to a new ranking. Eight of the top 10 “best jobs” in … Read more

View More Amazon, Google, Meta, Microsoft lay off thousands — but tech jobs are still hot in 2023, Indeed finds

‘Robots are treated better’: Amazon warehouse workers stage first-ever strike in the UK

Amazon packages move on a conveyer belt at a fulfillment center in England. Nathan Stirk | Getty Images Amazon workers are going on strike in Britain, in a move that marks the first formal industrial action in the country for the U.S. tech giant. The 24-hour strike action began Wednesday a minute after midnight. Strikers … Read more

View More ‘Robots are treated better’: Amazon warehouse workers stage first-ever strike in the UK