#job-market

#job-market

I got laid off five months ago. Every morning I drink a pot of coffee while I write cover letters, tweak my résumé, and submit job applications into the abyss, knowing they will likely never be seen by human eyes-only crawled by the cold, lifeless algorithms of an artificial intelligence. I feel like General Zod from Superman, floating off into space trapped inside a two-dimensional phantom zone, screaming in silence about my job qualifications and core competencies.

Dionne Foster, 52, built a steady career as a business analyst contractor before losing her job in April 2024. A year later, she found herself taking on an eight-week summer internship at an IT company, where she made $20 an hour and worked alongside a high schooler. 'I haven't made $20 an hour since I was in college,' Foster said. Foster accepted the internship offer after roughly a year on the job market, where she cast a wide net of applications for both full-time and contract opportunities.

That dream might be creeping out of reach for younger people trying to break into the industry, which looks to be on the cusp of a big shift as firms trim their ranks, double down on AI, and tighten performance standards across the career ladder, industry analysts told Business Insider. No one is exactly sure how it will play out, as much of the future will depend on where the economy goes and how quickly AI is adopted.

Google's parent company was one of the strongest forces lifting the market and climbed 8.7% after avoiding some of the worst-case scenarios in its antitrust case. A federal judge on Tuesday ordered a shake-up of Google's search engine but did not force a sale of its Chrome browser. Because Alphabet is one of Wall Street's most valuable companies, its stock movements carry more weight on the S&P 500 and other indexes than the typical company's.

California experienced the only statistically significant month-to-month increase in unemployment among states, rising 0.1 percentage points from June, according to BLS data.

According to the Labor Department's latest Job Openings and Labor Turnover Survey, the share of workers voluntarily leaving their jobs remains low at around 2% this year. This is the lowest quit rate since 2016, aside from when the pandemic began in 2020.

The alarming trend of "job hugging" emerges where employees cling to jobs out of fear of economic instability, hindering career advancement.

Job seekers are getting creative, with some finding success going back to basics: handing in a paper résumé in person.

It's really easy in an environment of uncertainty to spend a lot of time and energy thinking about things that are outside of their control, but that's going to be a real detractor to your personal well-being.

The biggest mistake most people make after getting laid off is hoping you'll get a job again.

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

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."