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They think about their job today and maybe the next one they want. But building a career requires a longer view, including an idea of where markets and employment are
WASHINGTON (Reuters) -U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal ...
U.S. job openings rose unexpectedly in November, showing companies are still looking for workers even as the labor market has cooled overall. Openings rose to 8.1 million in November, the most ...
The COVID-19 pandemic led to a massive drop in persons in the labor force. According to Pew Research Center, from February 2020 to February 2021 an estimated 4.2 million people left the labor force because of COVID-19, 2.4 million of which were women. [47] [48] As a result, women's participation in the labor force was at a 30-year low. [49]
Indeed, the U.S. workforce is projected to grow by 10% by 2040, [8] and should not decline before 2048. [15] However, young people are spending more time in education and training and are entering the workforce at a later age. A loss in skilled and capable workers has made it harder for employers to recruit new staff. [16]
Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
A hot December jobs report, combined with a murky inflation outlook for 2025, has some economists debating if the Federal Reserve may need to hike interest rates again.
U.S. workforce participation has increased since the worst of the COVID-19 pandemic. According to the Bureau of Labor Statistics, a total of 47 million Americans quit their jobs in 2021. [ 63 ] Resignations are consistently the most prevalent in the South , where 2.9% of the workforce voluntarily left their jobs in June, followed by the Midwest ...