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The Latest Breaking News from Julia Pollak

Bank Of America Says US Labor Market Is Stagnant: 'Low-Hire, Low-Fire'

The 51% of workers who want a new job may have to wait a while — but they probably won't get laid off in the meantime.

International Business Times

US Companies Hired More People In November But Unemployment Jumped

US Companies Hired More People In November But Unemployment Jumped

The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes.

International Business Times

The US Economy Is Solid: Why Are Voters Gloomy?

The US Economy Is Solid: Why Are Voters Gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.

International Business Times

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The fearful labor market: What hiring managers need to know about a deeply confusing jobs landscape

Employees and bosses are caught in a labor standoff and each side has good reason to be worried.

Want A Bigger Paycheque? In-office US Workers Get Around $22K More Than Remote Counterparts

In 2023, in-office employees received higher pay raises, prompting remote workers to return due to economic pressures and employer pay strategies.

International Business Times UK

US Hiring Cools In June, Unemployment Up Slightly: Govt

US job gains eased slightly in June while unemployment edged up, government data showed Friday, in the latest sign that the world's biggest economy is cooling as policymakers hope.

International Business Times

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

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Front-end developers: These are the states where you’ll find the highest average salaries

Front-end developers: These are the states where you’ll find the highest average salaries

Front-end developers work on the visual aspect of websites, and can earn relatively high annual salaries. The states where they’re paid the most, though, may surprise you.

The average back-end developer earns six-figures in the U.S., and top-earners live in these states

The average back-end developer earns six-figures in the U.S., and top-earners live in these states

Back-end developers work with databases and other “under the hood” mechanics on websites and applications, and, on average, make six-figures.

The job applicants shut out by AI: ‘The interviewer sounded like Siri’

The job applicants shut out by AI: ‘The interviewer sounded like Siri’

Employers are letting artificial intelligence conduct job interviews. Candidates are trying to beat the system

The Guardian - US

What Is Behind The US Economy's Surprising Strength?

What Is Behind The US Economy's Surprising Strength?

The US has seen GDP growth blow past predictions, hiring numbers surge unexpectedly and consumers still spending even as interest rates climbed -- deftly averting a dreaded recession in 2023.

International Business Times

2023: The year of the workplace gridlock, where nothing changed and nobody was happy

2023: The year of the workplace gridlock, where nothing changed and nobody was happy

On the whole, nothing got better and nothing got worse. But experts say next year might genuinely turn the tides.

Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo

“The recession that seemed so inevitable at the end of 2022 still hasn’t arrived and may not come anytime soon,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance.

Nearly half of companies reneged on their remote work policies this past year, but the fully in-person workweek is almost extinct

Nearly half of companies reneged on their remote work policies this past year, but the fully in-person workweek is almost extinct

Despite having many years to prepare, “many companies have the worst of all worlds,” ZipRecruiter’s chief economist says.

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Most companies have turned to skills-based hiring, but there’s a big problem: Workers are missing 3 key skills they're looking for

Three in four companies officially prefer skills to degrees.

‘Don’t be fooled’ by the uptick in inflation, economist says. Prices are falling, and the Fed now has the ammo to pause its rate hikes

“Inflation is slowing, and doing so across a broader range of goods and services,” said Julia Pollak, ZipRecruiter’s chief economist.

Top labor economist says the Fed may have just won its inflation fight, batting aside the ‘sticky’ thesis

“Many economists argue that the last mile of inflation reduction will be the hardest, but that isn’t necessarily the case,” ZipRecruiter’s Julia Pollak told Fortune.

In a surprise, the job market grew strongly in April despite high interest rates

The U.S. job market may be getting a second wind. Employers added 253,000 jobs in April, a modest uptick from the month before. The unemployment rate dipped to 3.4%.

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Finding a new job takes an average of three months right now

ZipRecruiter study looks at where the job market stands.

Tribune News Service

Silicon Valley tech layoffs: Why so many jobs were slashed, and who’s hiring amid fierce competition?

A growing barrage of technology industry layoffs means slim pickings for job-seeking software engineers and other tech workers amid a fiercely competitive Bay Area job market that has tipped from bountiful to brutal.

Employers are suffering from ‘pandemic paranoia’ and they’re scared to let go of workers, according to a global staffing firm

“Pandemic paranoia has set in with employers who remember how hard it was to bring back workers,” Becky Frankiewicz, president of ManpowerGroup, says.

The Independent UK

An unexpected job surge confounds the Fed's economic models

Does the Federal Reserve have it wrong

Americans are becoming less productive, and that's a risk to the economy

Job market swings over the past few years have dampened the motivation of many workers and led to a decline in the fuel of the U.S. economy — productivity.

The recovery in government jobs is lagging — by a lot

Governments can’t raise pay as easily as private employers can, and many don’t offer hybrid working options.

Hiring slipped only slightly in June, with no sign of a looming recession

U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.

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