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Hiring Slowdown

All articles tagged with #hiring slowdown

Job-Seeker Recession Emerges as Hiring Stalls at Pandemic-Era Lows
business1 month ago

Job-Seeker Recession Emerges as Hiring Stalls at Pandemic-Era Lows

Despite officially low unemployment, U.S. hiring has slowed to pandemic-era lows, creating a “job-seeker recession” where millions struggle to find work with little federal aid. About a quarter of unemployed Americans have been searching for 27 weeks or more, and people like Valerie Lockhart, Aaron Laniewicz, and Robin Peppers Daniel rely on savings, severance, or limited unemployment benefits as AI adoption and economic uncertainty keep hiring slow.

via Business Insider|
#business#government-benefits#hiring-slowdown
Gen Z Graduates Confront Job Market Challenges Amid AI and Scams
economy10 months ago

Gen Z Graduates Confront Job Market Challenges Amid AI and Scams

Recent Gen Z graduates face a divided job market, with those who graduated during the peak hiring years of 2021-2022 benefiting from low unemployment and good career progress, while newer graduates are struggling with higher unemployment, difficulty finding jobs, and financial hurdles like student debt and rising home prices, highlighting how graduation timing significantly influences long-term economic prospects.

via Business Insider|
#career-challenges#economy#gen-z
"Navigating the Post-Pandemic Job Market: Unemployment Fears and Stabilizing Trends"
employment2 years ago

"Navigating the Post-Pandemic Job Market: Unemployment Fears and Stabilizing Trends"

Despite the impressive job numbers, many Americans are struggling to find work as companies become more cautious about hiring, workers face increased competition for fewer job openings, and a significant portion of employees fear layoffs. The hiring slowdown is attributed to factors such as high interest rates, rising wages, and economic uncertainty. Job seekers are sending out more applications, with some facing hundreds of rejections, while companies are imposing stricter requirements and delaying hiring decisions. As a result, more workers are competing for fewer open jobs, leading to a highly competitive job market.

via USA TODAY|
#economic-uncertainty#employment#hiring-slowdown
"Adyen's Shares Soar 22% on Profit Beat and Hiring Slowdown"
business-finance2 years ago

"Adyen's Shares Soar 22% on Profit Beat and Hiring Slowdown"

Adyen's shares surged 22% after reporting strong sales growth and better-than-expected profit for 2023, despite a miss on first-half sales. The European payments giant also announced a slowdown in hiring to address concerns about aggressive spending on expansion, with a focus on hiring outside of Amsterdam. Adyen faces competition from Stripe, PayPal, and Block, and has been scrutinized for its pricing and margin amid challenges in the payment industry.

via CNBC|
#adyen#business-finance#competition-with-stripe
finance3 years ago

March Jobs Report: Hiring Slowdown and Fed Concerns

The March jobs report is expected to show a slowdown in the US labor market, with nonfarm payrolls predicted to have grown by 239,000 last month and the unemployment rate holding steady at 3.6%. Investors will also be watching wage growth, with average hourly earnings expected to rise 0.3% over the month and 4.3% over last year. The report comes as the Federal Reserve continues to raise rates in a bid to slow the economy, with markets pricing in a 50-50 chance of another 0.25% rate increase next month.

via Yahoo Finance|
#federal-reserve#finance#hiring-slowdown