#job-market

#job-market

Jobs and Skills Australia's report indicates that generative AI will significantly automate routine clerical jobs while enhancing roles requiring high skill levels.

Michelle Bowman has expressed her belief that there is a strong need to cut interest rates based on the latest weaker-than-expected job market report, advocating for three rate cuts this year.

The H-1B visa is a gateway to the American dream - a chance for skilled immigrants to shape the future of US technology and innovation. That opportunity also comes with risk. One layoff and the clock starts ticking: 60 days to find a new employer, or leave the country.

Starting January 1, companies in Ontario with at least 25 employees will be forced to inform candidates about their hiring status within 45 days of their interview, or the last interview if there were multiple.

The S&P 500 experienced a pullback of 0.49% amid growing uncertainties surrounding the U.S. economy and global conditions, driven by weak economic data and geopolitical risks.

Goldman Sachs economists noted one distinction between this year and last: the unemployment rate was rising alongside slowing hiring rates last year, while this year has seen stability.

"I've applied to so many jobs this year. But it's just, it's really tough."

Career coach Emily Warden noted that the 2025 job market is the worst in a decade, citing intensified competition from AI, offshoring, and layoffs affecting job seekers' success.

"I'm basically starting over - that's the part that bothers me," said Francis, who's in her 50s and based in the Northeast US. "But I have to do what I have to do to survive."

Nearly 25% of older Gen X and young boomer workers laid off in the past decade haven't found new jobs, with 11% taking pay cuts.

Unemployment nudged up to 4.7% in May, hitting the highest level in four years, while wage growth slowed for a third consecutive month, and employers cut back on hiring.

According to the ADP Research Institute, job turnover during the summer months from June to September increases compared to the non-summer months, with rates 0.42 percentage points higher overall in the US.

Vargas was uncertain about pursuing a four-year degree until she learned about the opportunity to become an aircraft mechanic at a college fair.