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"People have really been coming out in droves on LinkedIn - both people I actually know from grad school and former coll...
11/08/2022

"People have really been coming out in droves on LinkedIn - both people I actually know from grad school and former colleagues to just random recruiters," he said.

He said he felt confident he would have a new job lined up in a few weeks.

Product manager Ian Charles lost his job a few weeks ago when his financial technology company announced a wave of cuts,...
10/08/2022

Product manager Ian Charles lost his job a few weeks ago when his financial technology company announced a wave of cuts, citing the shift in investor sentiment that was making it harder for start-ups to raise money.

The 33-year-old was surprised - and initially, panicked, remembering how difficult his job search had been a few years earlier. But this time, he said, "it's a totally different ballgame."

The US has now regained all 22 million jobs lost when the pandemic hit in 2020, the Labor Department said. The jobless r...
09/08/2022

The US has now regained all 22 million jobs lost when the pandemic hit in 2020, the Labor Department said. The jobless rate has also returned to its pre-pandemic level,hovering at 50-year lows.

For Hispanic and Latino workers, the 3.9% jobless rate in July was the lowest since record keeping began in 1973.

"The unexpected acceleration in non-farm payroll growth in July, together with the further decline in the unemployment r...
07/08/2022

"The unexpected acceleration in non-farm payroll growth in July, together with the further decline in the unemployment rate and the renewed pick-up in wage pressure, make a mockery of claims that the economy is on the brink of recession," said Michael Pearce, senior US economist for Capital Economics.

Treasury Secretary Janet Yellen, who previously led the bank, said last week that the economy was shifting from its boom...
07/08/2022

Treasury Secretary Janet Yellen, who previously led the bank, said last week that the economy was shifting from its booming post-pandemic recovery to a more solid and steady phase of growth.

But fears of a sustained slowdown have mounted, as consumer confidence falls, the housing market slows and some firms announce job cuts or plans to slow hiring.

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