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American jobseekers' salary expectations have hit a record high, a new poll reveals. The New York Federal Reserve Bank found the lowest average annual pay workers were willing to accept from a new employer was $73,667 in November. That number is known as a 'reservation wage.'... ...The increase in salary expectations was most pronounced among job hunters under the age of 45, the bank added. ... ...Meanwhile, the expectation of working past the age of 62 dropped to 48.8 percent, on average, from 50.1 percent in July - the lowest figure recorded since 2014....

The college class of 2020 entered one of the most hostile labor markets in recent history. During the first year of the Covid pandemic, employment decreased across the country. By many measures, college graduates fared best during this period, but as time passes, research is capturing just how difficult conditions are for young workers. The National Association of Colleges and Employers (NACE) recently analyzed the outcomes for 563,000 bachelor’s graduates across 337 colleges and universities and found that only 50.2% of the class of 2020 had full-time jobs with a traditional employer (meaning they are not working as a freelancer...

* Businesses across the US say they are struggling to find employees, especially for hourly work. * Joey Holz decided to test their claims, submitting two applications a day in September. * Holz got one interview, and his summary of the experiment went viral on multiple platforms. Joey Holz recalled first hearing complaints about a labor shortage last year when he called to donate convalescent plasma at a clinic near Fort Myers, Florida. "The guy went on this rant about how he can't find help and he can't keep anybody in his medical facility because they all quit over the...

* Seven in 10 tech workers are considering quitting in the next year, per a new survey of 1,200 people. * Their top reasons included working hours, limited career progression, and toxic work environments. * The labor shortage continues to cause havoc across multiple industries.Seventy-two percent of US tech workers are considering quitting their jobs in the next 12 months, according to a new survey from learning software firm TalentLMS and Workable.About four in ten of the 1,200 IT, software, and tech workers surveyed said that limited career progression made them think about leaving their jobs.Other common reasons for considering...

Students enroll in college for a variety of reasons, and getting a better job is rated as a very important reason by 85% of them. One marker of a “good” job is earning enough to be able to repay student loans. But until recently, students were forced to guess which colleges and majors would fit that bill. While some information on earnings and debt was available, it was generally based on small and unrepresentative surveys or highly aggregated at the type of degree or the university level. But that changed last fall when the Department of Education began releasing the...

It is vitally important, literally life and death, that the proper costs and benefits are weighed with the decision on how much and how long to shut down economic activity through the pandemic. As the coronavirus pandemic continues across the world, leaders and policymakers have scrambled to respond to the growing health crisis. In the United States, multiple state governors have issued statements urging their citizens to follow social distancing guidelines.Other governors have taken more extreme measures, issuing orders to effectively lock down entire state economies. The current goal of these responses has been to slow the spread of the...

Hey, college kids, whether you’re a freshman or a returning junior, the first few weeks of festivities are now over. It’s time to focus on why you’re in school in the first place: to get a job. You’re at college to make yourself as qualified as possible for your future, so pick your major wisely. There is great demand in numerous fields, and weak demand in many others. And while the economy is very good, it’s still hard to find entry-level jobs right out of school. Andrea Colabella, co-founder of the Cardea Group, a Manhattan-based recruitment firm focusing on alternative...

Trump impeachment talk, China trade tensions, drone strikes in Saudi Arabia, a messy “Brexit” — it’s all enough to sour Wall Street and Main Street on the U..S. economy’s future. Thank goodness for the strongest labor market in several decades. To be sure, the U.S. jobs market itself is also showing signs of stress. Hiring has slowed this year, bigwig CEOs say they’re cutting back and a recent survey suggests service-oriented companies are reducing employment for the first time in a decade. The economy is still producing enough new jobs, however, to outstrip the number of people entering the labor...

WASHINGTON, D.C. -- Americans' confidence in the U.S. job market is the highest in Gallup's trend originating in 2001, with 71% in May saying now is a good time to find a quality job. This represents a significant improvement from March and April, when 65% each month rated the job market favorably. Today's level is similar to February's 69% reading. The latest survey was conducted May 1-12, with most of the interviews collected after the May 3 Labor Department report announcing that unemployment in April had fallen to 3.6%, the lowest in nearly 50 years. Gallup's national adult trend on...

Almost like clockwork, a growing US economy cranks out new jobs. In July, it added 157,000 positions, the US Labor Department reported Friday; in June, 248,000. But with unemployment near 20-year lows and some analysts touting “full employment,” are there enough available people to keep filling them? Population growth can account for about a third to a half of the new hires. But to keep the economy growing, people not currently working need to come off the sidelines to reenter the workforce. And that’s what’s happening. The story of who and how is a sometimes messy process, with people struggling...

Kohl's is filling jobs at 300 of its 1,100 US stores for the back-to-school and holiday seasons. Additional jobs at stores and fulfillment centers will come open later in the year. It's the earliest Kohl's has ever started hiring seasonal workers, said Ryan Festerling, the store's executive vice president of human resources. Unemployment is 3.8%, the lowest since 2000. Sucharita Kodali, a retail analyst at Forrester, told CNNMoney that Kohl's is smart to start looking so early. It allows Kohl's to "find and hopefully retain some of those best workers, and it gives the workers a bit more security in...

I have been in school for more than 40 years. First preschool...Thanks to tenure, I have a dream job for life...Yet a lifetime of experience, plus a quarter century of reading and reflection, has convinced me that it is a big waste of time and money.... How, you may ask, can anyone call higher education wasteful...those with a bachelor’s degree earn, on average, 73 percent more than those who have only a high-school diploma, up from about 50 percent in the late 1970s. The key issue, however, isn’t whether college pays, but why.... Educators teach what they know—and most have...

The number of Americans not participating in the labor force hit a record 95,102,000 in December 2016, according to the latest numbers released by the Bureau of Labor Statistics. Last month, the number exceeded 95 million for the first time, with 95,084,000 Americans not participating. The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks. The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, increased from...

Maps by Center for Immigration Studies based on Census shows detailed information on immigrants (legal and illegal) at county level 1990-2014. The analysis focuses on adults. Adults directly affect job market, politics and potential voters, they reshape the culture. In 1990 immigrants were at least 20% of adultsin 44 counties, by 2014 they were 20% in 152 counties. In 1990, only 1 in 8 Americans lived in a county at least 20% adult immigrants, by 2014 nearly 1 in 3 Americans. Since 1990 immigrant share of adults more than quadrupled in 232 counties. By county In GA: Stewart <1 to...

Americans are losing faith in the jobs market. The Conference Board's consumer confidence index for November, released on Tuesday, unexpectedly fell to 90.4, a 14-month low. Economists had estimated that the index rose to 99.5 in November, from an upwardly revised 99.1 print (from 97.6) in October. The Conference Board's Lynn Franco explained in the report: "The decline was mainly due to a less favorable view of the job market. Consumers' appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016,...

As Zero Hedge reports every month, the labor force participation rate is at multi-decade lows. Michael Feroli, a JPMorgan economist, said the economy will produce even fewer jobs in the future.In the last ten years, the U.S. saw 68,000 new jobs per month. Meanwhile, the population grew by over 200,000 per month. The last decade's data was marred by severe job losses in 2008. From 1995 - 2005, it was normal to see 300,000 new jobs per month in good years, and the bad years didn't come close to the 2008 horror show.Job creation is on a slight uptrend now,...

Despite last month’s poor jobs report, the U.S. labor market is improving. Job creation is running at the fastest pace since the late 1990s, and there is some evidence that wage growth is finally starting to accelerate, albeit modestly.However, one key component is missing from the labor market recovery: rising labor force participation.In March, labor force participation declined 0.1% to 62.7%, the lowest rate since the late 1970s.Why are so few Americans participating in the labor market even as jobs become more plentiful? I see three main reasons.1. An aging population. While the Great Recession inflicted significant damage on the...

“March madness” holds a different meaning in the legal world. While most of the country looks forward to fast breaks and Cinderella upsets, law schools are bracing themselves for another type of madness: the annual carnage left by the U.S. News & World Report rankings. This year’s rankings drop on March 10, to be followed by the usual chaos. Deans at highly placed law schools will issue news releases; deans with less fortunate rankings will have their already hectic lives turned upside down. The lucky ones will get fired. The unlucky ones will have to deal with the fallout. A...

(CNSNews.com) - The number of beneficiaries on the Supplemental Nutrition Assistance Program--food stamps--has now topped 46,000,000 for 36 straight months, according to new data released by the Department of Agriculture (USDA). From September 2011 through August 2014, the latest month for which data is available, the number of persons participating in the Supplemental Nutrition Assistance Program (SNAP) has exceeded 46 million. In August 2014, according to USDA, there were 46,484,828 beneficiaries of the SNAP program. That was down slightly—2,060 beneficiaries—from the 46,486,888 who got food stamps in July.

The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth. The Labor Department's monthly Job Openings and Labor Turnover Survey released on Tuesday gave an upbeat assessment of the job market that could sharpen the debate on the timing of the first interest rate increase from the Federal Reserve. The number of unemployed job seekers per open job fell to 2.02 in June, the lowest level since April 2008. The ratio was at 2.14 in May and is now below the...