Employment and Job headlines

May 25, 2018

✔Now hiring: High schoolers

As U.S. companies contend with the worst labor shortage in 20 years, they’re turning to teenagers to fill the gap. Teen employment is on the rise for the first time since the 1990s, with 30.7% of 16- to 19-year-olds holding down jobs. It’s a win-win: Companies get access to workers who can be molded into what they need, at a median pay rate that’s half of what adults make. Teens get on-the-job training, experience, and, in some cases, college tuition reimbursement. – Source: LinkedIn

AXIOS

More than 40% of American households can’t afford the basics, despite record low unemployment and a booming stock market, reports Axios. The research shows a “wide band” — about 34 million — of working households that live above the poverty line but cannot pay for ordinary expenses like phone bills, rent and child care, with 66% of Americans making less than $20 per hour. The full study will be released today. •

Click here to read full article: Americans who can’t Afford Middle Class Basics – United Way

Source: LinkedIn

May 14, 2018

✔THE HILL

White House to create artificial intelligence committee | TheHill

The Hill reported, The White House announced Thursday that it will establish a panel of federal government officials to look at artificial intelligence (AI) issues. The new Select Committee include, officials from the White House Office of Science and Technology Policy, the National Science Foundation and the Defense Advanced Research Projects Agency (DARPA). The committee, which was introduced during a Washington, D.C. summit, attended by leaders from 38 major companies, is charged with evaluating “U.S. priorities and investments” in AI. According to Gartner, the new technology is set to produce 2.3 million jobs by 2020, while eliminating another 1.8 million.

Click link here to read the full article: White House to Create AI Committee

May 14, 2018

BLOOMBERG NEWS

Starbucks Heads for Nespresso After $7.2 Billion Nestle Deal – Bloomberg

Bloomberg news reported, Nestle SA, the Swiss food giant has reached a deal of $7.15 billion for the rights to sell Starbucks products worldwide, outside Starbucks stores. The deal gives Nestlé a boost against rival JAB Holdings, which has recently snapped up Douwe Egberts, Peet’s Coffee & Tea and Keurig Green Mountain. The food giant is working to regain its footing in the U.S. against JAB and other coffee competitors.

Click link here to read the full article 5/7: Nestle Enters 7.2 Billion Global Coffee Alliance With-Starbucks

✔CNBC NEWS

Reported, “Job

openings hit record high of 6.6 million”

  • Job openings in March rose 472,000 from February and hit a fresh record, according to the Job Openings and Labor Turnover Survey (JOLTS).
  • Openings jumped in professional and business services, construction and transportation, warehousing and utilities.
  • The openings came during a month when nonfarm payroll hiring grew 135,000, according to the Bureau of Labor Statistic.
  • Read full article HERE: Job Openings Hit New Record High of 6 Point 6 Million
  • WALL STREET JOURNAL

How Bad Is the Labor Shortage? Cities Will Pay You to Move There

The Wall Streets Journal reported, in effort to lure potential workers, as a result of an aging and historic labor shortages workforce, and a record low unemployment, some towns like, HAMILTON, Ohio with unfilled jobs are handing out money, and as much as $15, 000 in student-debt relief.
To read full article click on link here:
How Bad is the Labor Shortage Cities Will Pay You to Move There

FAST COMPANY

Are you in the wrong job? How To Figure Out If You’re In The Wrong Job:

Fast Company reported that according to Carter Cast, the author of The Right (and Wrong) Stuff: How Brilliant Careers are Made and Unmade, there are five common motives that impact the type of job you should have. Base on the work of Hay Group and Harvard psychologist David McClelland, Cast identified five primary career motives: power, achievement, affiliation, purpose and autonomy. If your personal motives (you can have more than one) doesn’t aligned with your current job or career, then most likely you are in the wrong job or career, and therefore, will not be happy. Carter stated, personal motives are different from work values, which are what’s important to the individual, versus personal motives, which are the place from which one draws energy from. He claimed motives are much harder to identify because we are often not conscious of them.
To Read the five motives click on the link here:
How Figure Out If Youre In The Wrong Job

✔QUARTZ NEWS

The best leaders aren’t optimists:

Quartz at work reported that according to Wiseman, CEO of the Wiseman Group, a Silicon Valley-based leadership research and development firm, being overly optimistic at work can have some unperceived pitfalls. She argues that leaders who
constantly accentuate the positive may think amplifying the smarts and skills of the people around them is a good thing, when in fact, they are alienating workers who feels that managers just don’t understand and appreciate their challenges. Managers who go overboard with a can-do attitude tells staff their feelings and concerns are invalid, which amplifies workers’ fears of the consequences if things don’t go as planned. She further argues that from a psychological standpoint, relentless optimism has an adverse effect because people need to have their experiences validated. One solution is as easy as just validating your employees hard work. Another simple solution is asking questions and and spending time talking to your employees.
To read full article click link here: The Best Leaders and Bosses Aren’t Optimists

HARVARD BUSINESS NEWS

Research: When You Don’t Have an Alternative in a Negotiation, Try Imagining One

Harvard Business News reported, The Journal of Personality and Social Psychology, published a recent paper base on reseach that found in the absence of good alternatives to negotiating a deal that just, “the mental imagery of a strong alternative can provide some of the benefits that real alternatives provide.” They also found that people feels more confident and are better able to establish the boundaries of what they are willing to accept.

To read full article, click on the link here” Research: When You Dont Have An Alternative In a Negotiation Try Imagining One

WALL STREET JOURNAL:

U.S. Jobless Claims Drop to Lowest Level Since 1969

Wall street Journal reported, recent data from the Labor Department show initial jobless claims dropped to 209,000, which is the lowest it’s been since the late sixties. Of course, this is good news for the job market which added an average 202,000 jobs per month this year, up from 182,000 in 2017. But, The Wall Street Journal says, because The Job market is doing so good, the Fed reserve might raise interest rates.

To read full article click on link here: US Jobless Claims Drop to Lowest Level Since 1969

USA TODAY:

Subway to close about 500 U.S. restaurants, while opening 1,000-plus overseas

USA Today reported, Subway will close 500 U.S. stores this year, and open 1,000 stores internationally as part of their rebranding efford, and to compete with other chain stores like, Starbucks and Panera, McDonald’s and drugstores —in the grab-and-go food space. Despite their shortcomings, the 50-year-old sandwich store is the world’s largest restaurant chain, with just over 25,000 branches in the U.S., and remains a major power in the industry.

To read full article click link here: Subway Closing 500 US Restaurants

CNBC:

Old Navy to open 60 stores this year, driving Gap’s growth

CNBC reported, Gap is opening 60 Old Navy stores across the U.S. this year, pushing its total number of stores to over 1,000. The Old Navy’s moves come as apparel retailers across the U.S. have been fighting to compete with the giant retailer, Amazon. This is a big investment and move for the popular store, considering, in 2016, they announced plans to close roughly 200 Gap and Banana Republic stores by 2020. Currently, Gap operates more than 3,500 stores globally which include, flagship Gap banner, Banana Republic and Athleta.

To read dull article click on link here: Old Navy to Open 60 Stores this Year Driving Gaps Growth

14 states hit record-low unemployment

The Hill reported fourteen states have set new records for low unemployment rates in the last year, nearly a decade after the recession put millions of Americans out of work. The states hitting new unemployment lows run the ideological gamut, from conservative Texas to liberal California, suggesting a recovery stronger than any particular political persuasion

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