33% of contraction reported in the last quarter
The US economy is one of the worst in the world right now, and the Commerce Department's estimate of the second-quarter decline in the GDP has been the most dismal drop since 1947. Consumer spending accounts for over 70 per cent of economic activity, and since that contracted to 34 per cent, the bl ...
Unemployment rate surges for the second week in a row
The US job market recovery and the meagre improvements made in the past month are unravelling as unemployment claims have been on the rise for two weeks in a row. More than a million workers in the US applied for state unemployment aid, indicating that the labor market recovery is stalling due to r ...
Topmost jobs for young jobseekers
In a job market where roughly 13 per cent of the workforce or more than 19 million people are unemployed can be a daunting experience. However, there are still well-paying jobs that new grads can apply for if they have the expertise. These jobs range from software engineers to sales reps and fetch ...
7 charts illustrating the effect of COVID-19 on the job market
In March, the US economy cut 701,000 jobs, when it was expecting a loss of 100,000. What's more, is that over 14 million employees in the US face the risk of COVID-19 exposure every day at work. This has gravely affected a lot of things, such as the labor participation rate and the unemployment rat ...
Category
Communicable Diseases
Consultation
Executive Compensation
Risk Management
Business Acumen
Sexual Orientation
Analytical Aptitude
Hiring & Firing
Labor Relations
Gender Identity
Contemporary Issues
Employee Resource Groups
Whistleblowing
Fiduciary Duty
Do's & Don'ts
Workplace Culture
Workforce Planning
Employee Handbooks
Time Worked
Unemployment Benefits
Employment Offers
Retirement & Recognitions
Pay Equity
Discrimination
Communication
Onboarding
Overtime Pay
Policies & Practices
Business Continuity
Benefits
Contracts & RFPs
People Management
Investigations
Cybersecurity
Affirmative Action
Employment Law & Compliance
Data Security
Teamwork
Leadership &
Severance Pay
Artificial Intelligence
Performance Management
Disability Accomodations
Educational Assistance
Employee Relations
Paid Leave
Workplace Stories
Mental Health Benefits
Career Development
Disaster Preparation & Response
Tags
Article
Tips To Help You Create A Robust Hiring Strategy For 2021
While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...
The Future of Gig Employment
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...
A Guide for HR Professionals to Ensure Diversity and Inclusivity at Workplace
One of the key responsibilities of HR teams is to ensure a diverse workplace and manage it effectiv ...
Driver Jobs to Watch Out For
If you love being on the road, if you love driving with the wind rushing through your hair, if your ...