Happy And Succeeding In The Future Of Work
The New Era Of Layoffs, Hiring Freezes, Stock And Crypto Market Crashes
The United States has entered a new uncharted job market and economy. Since the start of 2022, the curtain has been pulled back. In hindsight, it’s clear that the booming increase in jobs, proliferation of venture capital-backed unicorn startups, the rise in hundreds of cryptocurrencies and skyrocketing stock market were all built on an illusion.
‘Big Short’ Investor Michael Burry Predicts Higher Long-Term Inflation — And Points To Labor Shortages And The Onshoring Boom As Key Drivers
Michael Burry predicted higher long-term inflation in the US, fueled by a shift towards more domestic production, a post-pandemic shake up of global supply chains, and a chronic shortage of manual workers. “Onshoring/blue collar shortages plus global supply chain restructuring raise long-term inflation’s floor even as the bullwhip cycles lower to that end,” he wrote in a since-deleted tweet on Tuesday.
Job Openings Plunge By Most Since Covid Crash, Remain Stubbornly High: Nearly 2 Openings For Every Unemployed Worker
After recent reports that the US labor market had suddenly hit a brick wall, with mass layoffs surging and job openings according to third-party trackers, such as Revello, showing that total job postings plunged by 22.5%, the biggest change on record and many were looking to see if these dismal trends would be confirmed by today’s closely watched JOLTs report, arguably the Fed’s favorite indicator of labor market softness (or tightness as the case is right now).
Bear Market Wipes 25 Cryptocurrency Exchanges In 30 Days
The ongoing cryptocurrency bear market has impacted several elements of the sector, with exchanges emerging as the latest entities to feel the hit. Indeed, the number of exchanges has dropped as crypto-related businesses struggle to remain afloat amid significant sell-offs.
Workers In America’s Biggest Cities Are Defying Their Bosses And Avoiding The Office
Empty chairs at empty tables. That’s what one might find at company headquarters in America’s biggest cities, as workers continue to resist a return to the office. In-office visits in San Francisco, New York City, and Chicago still aren’t as frequent as they were before the pandemic, according to new research from locational analysis software Placer.ai that analyzed foot traffic data in nearly 200 office buildings in all three cities.
Why Criticism Lasts Longer Than Praise
Most of us are subjected to insults, sarcastic comments or bad feedback in our everyday lives. But we weren’t built to deal with torrents of criticism. As children we are often told that sticks and stones can break bones, but words can never hurt. Yet with the benefit of experience, adults understand that this old proverb is far from true – while physical injuries can take a matter of weeks to heal, negative comments can scar us for a lifetime.
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Media Inquiry
Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.