The New York Times on Nostr: The Hot Labor Market Has Melted Away. Just Ask New College Grads. ========== ...
The Hot Labor Market Has Melted Away. Just Ask New College Grads.
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Unemployment remains low at 4.3%, but job openings are scarce; hiring projections for 2024's college graduates are down, particularly in finance, insurance, and real estate with a 14.5% decrease; the hires rate has fallen to levels not seen since 2014; Baily Hays, a 2023 Pepperdine University graduate, faced four months of unemployment; ghost job listings are prevalent, with a drop from 8 hires per 10 postings in 2021 to 4 in early 2024; Fed's interest rate hikes aimed to cool the economy, impacting job market dynamics; potential rate cuts expected in mid-September 2024 may boost hiring confidence.
#JobMarket #CollegeGraduates #Unemployment #Economy #FederalReserve #Hiring #LaborMarket #InterestRates #Employment #EconomicRecovery
https://www.nytimes.com/2024/09/05/business/economy/jobs-college-graduates-unemployment.html
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Unemployment remains low at 4.3%, but job openings are scarce; hiring projections for 2024's college graduates are down, particularly in finance, insurance, and real estate with a 14.5% decrease; the hires rate has fallen to levels not seen since 2014; Baily Hays, a 2023 Pepperdine University graduate, faced four months of unemployment; ghost job listings are prevalent, with a drop from 8 hires per 10 postings in 2021 to 4 in early 2024; Fed's interest rate hikes aimed to cool the economy, impacting job market dynamics; potential rate cuts expected in mid-September 2024 may boost hiring confidence.
#JobMarket #CollegeGraduates #Unemployment #Economy #FederalReserve #Hiring #LaborMarket #InterestRates #Employment #EconomicRecovery
https://www.nytimes.com/2024/09/05/business/economy/jobs-college-graduates-unemployment.html