Jobless claims show that businesses are reluctant to lay off workers
The ongoing imbalance between supply and demand for labor continues to put upward pressure on wages.
Economic news
To trim costs ahead of a recession, retailers are hiring fewer holiday workers — and driving burnout
Holiday shoppers are returning to stores in full-force this year, but anxious retailers may not have the manpower to handle them all.
WTW predicts salary increases will rise by 4.6% in 2023
Lesli Jennings, a senior director at Willis Towers Watson, shares her predictions on salaries for 2023 and offers advice on how employers can meet expectations.
Worried about a recession? Don’t turn to layoffs to stay above water
Preserving the bottom line has always been top of mind for employers in hard economic times. But is it worth sacrificing the future of your company? This exec weighs in.
Will New York’s empty offices become housing?
As office towers sit empty and demand for housing soars, developers are looking to transition former workspaces.
Americans are still leaving the workforce
The labor force participation rate fell for a third straight month.
Take matters into your own hands: Flexjobs’ top 8 tips for surviving a recession
The majority of business leaders are expecting an economic downturn this year — but just a third are actually prepared for when it happens. What does this mean for employees?
Amazon will lay off about 10,000 employees, NYT reports
The job cuts will be the largest ever for the online retailer.
Americans struggle to switch jobs as U.S. job market cools
More than 70% of those looking for a new role said it was more difficult than they had anticipated.
How gig work is helping employees brace for a recession
New data from online staffing platform Wonolo explores how different kinds of employees are feeling in the face of financial uncertainty.
Inflation forces over half of Americans to consider second jobs
Work-from-home arrangements have opened up novel opportunities to make extra money on the side.
Core U.S. inflation hits 40-year high
The numbers put extra pressure on the Federal Reserve to raise interest rates even more aggressively to stamp out inflation.
Benefits Think How advisers can help clients maximize financial wellness offerings
Developing educational tools will help employees understand benefits, increase ROI and strengthen partnerships in the quest to retain talent.
Kristen Carlisle
Betterment at Work
Job openings drop to lowest levels since June 2021
This shift is likely a welcome sign for Federal Reserve officials as they seek to cool demand for workers without spiking unemployment.
Jobless claims fall to lowest since late April
The drop was led by a sizable decline in Michigan, indicating continued demand for workers despite economic concerns.
Goldman Sachs plans to cut several hundred jobs starting this month
Since the start of the pandemic, Goldman Sachs is starting its largest round of job cuts yet with several hundred jobs lost.
Child-care spending nears pre-COVID levels, Bank of America reports
The data could be seen as an encouraging sign for the labor market as parents get back to work.
Biden’s student-loan relief adds new wrinkle to inflation debate
The plan will ripple through the economy as personal spending and savings shift.
Wage gains for U.S. job hoppers hit record high over those who stay
Those who have switched jobs saw their wages increase by a record high of 6.7%, compared to 4.9% for people who stayed in the same jobs.
U.S. jobless claims rise again, near highest since November
The demand for workers is decreasing amid hiring freezes and layoffs, unemployment claims have increased as a result.
