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Employment

China says its unemployment rate is "stable," but job seekers remain gloomy

by Jennifer Pak
Feb 13, 2025
China's job hunters say there are fewer decent jobs and more applicants, whether they're seeking manual work or office positions.
A man in Beijing looks at job ads in the Majuqiao Day Labor Market. The advertised jobs range from driving forklifts to warehouse work, offering below $6 an hour.
Charles Zhang/Marketplace
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Continuing unemployment claims climb, but it's not nervous time

by Caleigh Wells
Jan 23, 2025
The data is in line with pre-COVID claims volume, and the job market often sags in January.
In some cases, job seekers are being choosier in their search. And some sectors aren't hiring right now.
Joe Raedle/Getty Images
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5.5 million people in the U.S. are labeled “not in labor force, want job”

by Stephanie Hughes
Jan 10, 2025
That’s 3% fewer than a year ago. If it keeps dropping, it could be a sign the labor market is getting warmer.
While some people might choose to get back into the job market, others might choose to stop looking altogether and focus on school or taking care of a loved one, said economist Harry Holzer.
Nikolay Doychinov/AFP via Getty Images
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More people are working multiple jobs again. They have multiple reasons. 

by Samantha Fields
Jan 8, 2025
Some Americans work a second job to make ends meet. Others do it to build up cash or gain experience in a different field.
The number of Americans working multiple jobs is higher than it was before the COVID pandemic began.
pixelfit/Getty Images
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Job seekers turn to honesty on social media to find work

by Kristin Schwab and Sarah Leeson
Jan 2, 2025
People are "getting really personal" and leveraging their social media networks, says Danielle Abril of The Washington Post.
Job seekers are using LinkedIn and other social media platforms to show off skills and get in touch with companies they want to work for.
Carl Court/Getty Images
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Skills Gap

Skilled trade workers are still in short supply

by Mitchell Hartman
Nov 6, 2024
The Fed's Beige Book reports shortages in industries including technology, manufacturing and construction.
Project manager Stephen Sasa works on updating the dining patio of a Portland, Oregon, restaurant. Sasa says journeyman carpenters who work with him make $40 to $50 an hour, plus benefits.
Mitchell Hartman/Marketplace
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As focus shifts from inflation to employment, the Fed’s job is still tricky 

by Mitchell Hartman
Oct 23, 2024
The September rate cut raised hopes for a sturdy labor market into next year and beyond. The effect on jobs, though, may take time.
The labor market has shown strength and fragility this year. Potentially, lower interest rates could be good for business investment and hiring.
Anna Rose Layden/Getty Images
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Chicago Fed president explains “the hardest thing that a central bank has to do”

by Kai Ryssdal and Sarah Leeson
Oct 10, 2024
Austan Goolsbee talks about the Fed's timing in moments of transition, if COVID is still affecting the economy, and why he's a "data dog."
"I'm in the data dogs. And the thing about the data dogs [is that they] don't respond to one month," says Austan Goolsbee about the importance of taking the long view before making decisions.
Chip Somodevilla/Getty Images
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Will AI lead to layoffs? New data from CEOs says no

by Nancy Marshall-Genzer , Ariana Rosas and Meredith Garretson
Sep 18, 2024
KPMG's latest U.S. CEO Outlook survey finds that more than 70% of corporate executives feel AI "will not dramatically change their workforce."
"What we feel is that these technologies like generative AI and AI are going to augment the skills of workers and employees," said KPMG's Paul Knopp.
Oli Scarff/Getty Images
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How reliable is the Sahm rule as a recession indicator?

by Stacey Vanek Smith
Sep 11, 2024
Economist Claudia Sahm says even though the recession predictor is sounding the alarm, we shouldn't immediately fret.
The unemployment rate is kind of like a high school dance (bear with us): When the wallflowers join the floor, the number of dancers grows. Similarly, the unemployment rate grows when more unemployed people on the sidelines start looking for work.
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