Happy And Succeeding In The Future Of Work
Over Half A Million Jobs Were Created Last Month: Here’s The Catch
There was great anticipation leading up to the July jobs report. For months, economists, Wall Street analysts and politicians debated whether or not the United States was heading into a recession and what this would mean for Americans. Upon Friday’s report from the U.S. Bureau of Labor Statistics, both sides of the aisle were amazed at the creation of 528,000 new jobs—more than doubling the 250,000 projected. The unemployment rate fell to 3.5%, reverting to its pre-Covid, 50-year low.
Crypto Market Turmoil Highlights Personal Risks for Compliance Chiefs
The personal liability risks facing chief compliance officers have come under the spotlight in recent months. The U.S. Securities and Exchange Commission in June filed charges against Jeffrey Kirkpatrick, chief compliance officer and principal of Hamilton Investment Counsel LLC, alleging he aided and abetted the investment adviser in violating federal securities laws.
Inflation Is One Reason Some Workers May Retire Later — If At All
Almost 4 in 5 Americans are concerned that inflation is eating away at their financial security. One big result of this? Retirement expectations are getting altered for some adults. Those are the findings of Prudential Financial’s Pulse recent survey. Nearly half (49%) of Millennials don’t feel they’ll ever be able to retire and 64% are skeptical of their ability to build personal wealth, according to the findings.
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Boss Slammed for Telling Employee It’s ‘Unethical’ to Make Plans After Work
Commenters criticized a boss for allegedly telling an employee that it is “unethical” to make plans the hour after work, even on a Friday. The employee, known as u/Porongas1993, posted about the incident in Reddit‘s popular “Am I The A**hole” forum where it received more than 11,000 upvotes and 600 comments. The post can be found here. The anonymous employee told Newsweek he is based in the United States and alerted his manager’s boss about the incident.
American Workers Are Becoming Less Productive. Blame The Pandemic.
According to the Labor Department, there was a drop in productivity in the first quarter of the year that saw productivity fall by the most since 1947. Labor productivity boils down to how much a worker can produce in a given period of time. According to Betsey Stevenson, an economics professor at the University of Michigan, it’s “what’s the amount of output per hour. So if you’re in a coffee shop, thinking about, you know, how many cups of coffee the person can sell.”
Google’s CEO Is Asking Employees 3 Simple Questions to Boost Productivity
Productivity tends to wane as the summer months drag on, leaving many companies to look for ways to combat the slump and keep morale (and output) high. Google‘s CEO Sundar Pichai is implementing a new strategy that he hopes will not only bolster productivity among the company’s employees but also foster a stronger sense of community and togetherness.
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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.