Quick Facts
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Unemployment for Non-College Grads Is at Near-Record Low
For young Americans who stopped school after high school, the job hunt hasn't looked this good in years. A Burning Glass Institute analysis finds that unemployment for 22- to 34-year-olds without degrees is near the lowest levels seen since 2003, just as conditions for similarly aged college grads are among... Go to Source Author: Jenn Gidman with Newser.AI
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World’s Top-Paid Leader Gets a Big Pay Hike
Singapore's leader is about to widen his lead in the global pay stakes. Prime Minister Lawrence Wong's annual package will jump more than 60%, reports the BBC , from $1.74 million to $2.84 million, cementing his status as the world's highest-paid political leader. He says he'll donate the entire... Go to Source Author: Polly Davis Doig with Newser.AI
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Jobs Report Comes in Much Stronger Than Expected
Hiring snapped back in August, giving the US job market a jolt after a sluggish summer: The Labor Department said employers added 162,000 jobs last month, easily topping economists' expectations of 53,000 and marking the strongest gain since March, reports CNBC . The figure is up from July, which... Go to Source Author: John Johnson with Newser.AI
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Jobs Report Has a Remarkable Stat About Women
Women were almost solely responsible for August's unexpectedly strong jobs numbers , reports CNBC . Women filled 158,000 of the 162,000 positions added last month—roughly 98% of the total, according to an analysis of data by the outlet. Gains were concentrated in sectors where women already dominate, like health... Go to Source Author: John Johnson with Newser.AI
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One Key Jobs Metric Grows ‘More Concerning’
American workers are quietly stepping away from the labor market—and not just because they're retiring. The big headline over last week's jobs report was that employers unexpectedly shed 23,000 jobs in July. But MarketWatch zeroes in on another notable aspect of the Bureau of Labor Statistics data: The... Go to Source Author: John Johnson with Newser.AI
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Jobless Claims Hit Level Last Seen in 1969
US applications for jobless benefits tumbled to the lowest level in more than five decades last week as layoffs remain historically low despite global economic uncertainty. The number of Americans applying for unemployment benefits in the week ending July 18 declined by 22,000 to 187,000, the Labor Department... Go to Source Author:
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Jobs Numbers Come In Weaker Than Expected
US employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month's total and a sign that companies still have a cautious economic outlook. Analysts polled by the Wall Street Journal expected 115,000 new jobs in June. The new figure (out... Go to Source Author:
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Op-Ed: California Has Gone Full ‘Dude’
California isn't just laid-back anymore; columnist Joe Mathews argues it's gone full "Dude." In a new piece for Zócalo Public Square , Mathews revives a concept he floated 12 years ago—"Lebowskization"—to describe how residents are increasingly resembling Jeff Bridges' iconic slacker from The Big Lebowski . He backs the joke... Go to Source Author: Arden Dier with Newser.AI
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Fed Holds Key Rate Steady After Warsh’s First Meeting
Federal Reserve Chairman Kevin Warsh has chaired his first meeting on interest rates, and nothing has moved despite the change at the top. The central bank has kept its key interest rate parked in the 3.5% to 3.75% range, where it has sat all year. The decision was... Go to Source Author: Rob Quinn with Newser.AI
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Remote Work Is Hurting Young Workers’ Chances
The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday found. The study, by the Federal Reserve Bank of New York, compared occupations that can... Go to Source Author:
