labor market

Politics

WASHINGTON  | US adds robust 250,000 jobs; pay growth fastest since 2009

WASHINGTON  — The final major economic report before Tuesday’s congressional elections showed that U.S. employers added a stellar 250,000 jobs in October and raised average pay by the most in nearly a decade. At the same time, the unemployment rate remained at a five-decade low of 3.7 percent. Friday’s employment report from the government pointed … Continue reading WASHINGTON  | US adds robust 250,000 jobs; pay growth fastest since 2009 →

Business

GENEVA | Report: Machines to handle over half workplace tasks by 2025

GENEVA  — More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday that highlights the speed with which the labor market will change in coming years. The World Economic Forum estimates that machines will be responsible for 52 … Continue reading GENEVA | Report: Machines to handle over half workplace tasks by 2025 →

Business

WASHINGTON | As job openings reach unprecedented levels, so does quitting

WASHINGTON — U.S. employers advertised the most jobs on record in July, and the number of workers quitting their jobs also hit a new all-time high. Americans are increasingly taking advantage of a tight labor market to find new, often higher-paying jobs. That could help push up wages broadly across the economy. The Labor Department … Continue reading WASHINGTON | As job openings reach unprecedented levels, so does quitting →

Politics

WASHINGTON | Pay gains for US workers slowed in second quarter

WASHINGTON  — U.S. workers saw their wages and benefits grow more slowly in the second quarter, a sign that a tight labor market has yet to accelerate income gains. The Labor Department says overall compensation rose 0.6 percent in the April-June period, compared with a 0.8 percent rise in the first quarter. Wages and salaries, … Continue reading WASHINGTON | Pay gains for US workers slowed in second quarter →

Real Estate News

2018 Growth Forecast Holds But 2019 Gets Modest Downgrade

WASHINGTON/ May 17, 2018 (STLRealEstate.News) — The forecast for 2018 full-year growth remains unchanged at 2.7 percent, according to the Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook. However, 2019 economic growth was downgraded to 2.3 percent due to the expectation of fading fiscal stimulus and a tightening labor market. … Continue reading 2018 Growth Forecast Holds But 2019 Gets Modest Downgrade →

General

DUBAI, United Arab Emirates  | IMF: Mideast not growing fast enough to reduce unemployment

DUBAI, United Arab Emirates — The International Monetary Fund said Wednesday that nearly a quarter of the Middle East’s youth are unemployed, warning that unless deeper reforms are made, millions of young people entering the labor market each year may not find jobs. The IMF says current levels of growth across the region will not … Continue reading DUBAI, United Arab Emirates  | IMF: Mideast not growing fast enough to reduce unemployment →

Real Estate News

FlexJobs Analyzes the State of the Remote Job Marketplace

BOULDER, Colo./ March 28, 2018 (STLRealEstate.News) — “Remote/work from home” was the 4th most popular job search term in 2017 and hiring managers predict in the next 10 years that more than one third of their employees will work remotely. Last year, thousands of companies–including plenty of big-name companies such as Amazon, Dell, Cigna, Salesforce, … Continue reading FlexJobs Analyzes the State of the Remote Job Marketplace →

General

Slower job growth in December does not alter the overall positive picture

NEW YORK/ Jan. 5, 2018 (STL.NEWS) — Employment increased by 148,000 jobs in December after increasing by 252,000 jobs in November. December’s job growth came well below expectations. Still, the overall labor market picture is brighter than this month’s figure suggests with average job growth exceeding 200,000 for the past three months and 170,000 for … Continue reading Slower job growth in December does not alter the overall positive picture →