It’s H-1B season, which means U.S. companies are once again competing for a limited number of spots— 85,000 — in a visa lottery. Registration opened this week after the federal government revamped the application process.
Jobs in this kind of work — the work that makes offices and buildings run, makes them nice — grew about 2.6% last year. It’s growth but it’s not huge growth.
Six months of incremental softening of the job market has firmed up to something tangible: the number of people continuing to file for unemployment was the highest it’s been in almost two years.
Average hourly earnings rose 4.1% year-over-year in October; the rate peaked near 6% in March 2022. The slowdown in wage growth is helping the Fed wrestle inflation lower.
“This particular job, one of the reasons I took it is because I knew that you’d never stop learning, and I find that really exciting,” said Violet O’Brien, a notary in Houston.