Quick Facts
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Americans’ Outlook on the Future Isn’t So Perky
A new Wall Street Journal -NORC poll paints a dim picture of Americans' faith in upward mobility. Just 25% of respondents believe they have a decent shot at improving their standard of living—a record low since the survey began in 1987. More than three-quarters of those who responded to... Go to Source Author: Jenn Gidman with Newser.AI
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Young Chinese People Are Paying for Pretend Jobs
Nobody wants to work for free, let alone pay for the privilege. But, in China, where unemployment is a massive problem for young people, more and more are waking up, getting dressed, commuting, and clocking into "pretend-to-work offices" where they can convince themselves—or others—that they're gainfully employed. The... Go to Source Author: Tim Karan
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Job Hunts Are Taking Longer
As job openings dry up and companies pull back on hiring, unemployed Americans are facing the longest waits for work in years. New federal data show that more than 1.8 million people have been out of work for at least 27 weeks, the longest period outside the coronavirus pandemic... Go to Source Author: Bob Cronin with Newser.AI
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Gen Z Job-Seekers Have Big New Problem: AI
Recent college graduates hoping to snag an entry-level corporate job are running into a new, digital hurdle: artificial intelligence. According to the career platform Handshake, job postings for entry-level white-collar positions—long seen as the first step for new grads—have fallen by 15%, reports CBS News . Meanwhile, competition is... Go to Source Author: John Johnson with Newser.AI
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College Grads Find the Current Job Market ‘Stings’
While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. "It stings a little bit," she said. "I never imagined... Go to Source Author:
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Hiring Comes in Stronger Than Expected
The new jobs report beat expectations, showing that employers added 177,000 jobs in April, reports CNBC . Analysts anticipated about 133,000. The new figure is down from 228,000 in March, though it was positive enough to cheer Wall Street: Dow futures were up more than 300 points in... Go to Source Author: Rob Quinn
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Hiring Remains Steady, but Wildcards Loom
The new jobs report shows that employers continued to hire at a solid pace in February, but a wave of federal firings, along with possible tariffs, may start clouding the picture going forward. Details: Employers added 151,000 jobs in February, up from 125,000 in January though below expectations... Go to Source Author: John Johnson
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New Jobs Report Lower Than Expected
The new unemployment report is out, and the gist seems to be: lower than expected but still solid, reports the Washington Post . Hiring: Employers added 143,000 jobs in January, below expectations of 169,000, reports CNBC . Unemployment: The rate fell to 4% from 4.1%, though it had been... Go to Source Author: John Johnson
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It’s a Tough Job Market for White-Collar Workers
Official figures show that the job market is in robust health, but the reality is very different for millions of American workers. The number of people who have been looking for work for more than six months is up more than 50% since the end of 2022, and people laid... Go to Source Author: Rob Quinn
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New Jobs Report Stronger Than Expected
America's job market rebounded in November—a solid recovery from October, when the effects of strikes and hurricanes had sharply diminished employers' payrolls. Main number: Employers added 227,000 jobs, slightly above expectations of 214,000, reports CNBC . The figure also is up considerably from a meager gain of 36,... Go to Source Author:
