SUCCESS
Why Is It So Hard For Recent College Graduates To Find A Decent Job?
In a viral TikTok video, Gen-Zer Lohanny Santos broke down in tears as she shared an update on her postgraduate job search, an experience she says has “humbled” her. Santos, who earned dual degrees from Pace University and speaks three languages, stood there with a stack of résumés, after many failed attempts to secure a job in-person at several minimum-wage gigs.
Young adults are having a challenging time finding good, well-paying jobs. The job market is extremely competitive, as more and more Americans attain college degrees. Furthermore, employers are requiring unrealistic professional experience for entry-level positions, making it difficult for recent graduates to compete in the job market. If you conduct a search for “entry-level” jobs on LinkedIn, you’ll see job listings requiring three to five or more years of relevant experience.
A 2023 college pulse survey by LendEDU found that less than half of all college graduates are confident about their career prospects after leaving campus.
Two in five recent graduates say their colleges did not adequately teach them the skills to emotionally and mentally navigate a transition into the workforce, a separate survey by the Mary Christie Institute highlighted.
Morgan Stanley Laying Off Hundreds In Wealth Management Unit
Investment banking giant Morgan Stanley is planning to cut hundreds of jobs in its wealth management unit, according to a person familiar with the matter, the latest in a string of layoffs that Wall Street firms have undertaken since last year. The cuts will impact less than 1% of the division's employees.
Jobless Claims Fall To One-Month Low Of 212,000
The number of Americans who applied for unemployment benefits in early February fell to a one-month low of 212,000, indicating layoffs remain low nationwide despite big job cuts at some large businesses such as UPS. Initial jobless claims slid by 8,000 from 220,000 in the prior week, the government said Thursday.
The Blind Ambition Podcast
In this episode, we explore how Justin Zhu and Michelle Lee transitioned to political advocacy from their prestigious jobs as a unicorn founder and CEO and Big Law attorney, respectively, and how their experiences with racial discrimination shaped their work today.
Cisco To Lay Off Thousands Of Employees
Technology company Cisco announced Wednesday that it plans to lay off 5% of its global workforce, amounting to thousands of employees, as part of a company-wide restructuring. Cisco joins a long list of tech companies that have announced workforce cuts in recent months. The networking hardware and software maker said Wednesday that it plans to shift its focus to “key priority areas,” such as artificial intelligence.
Delta Paying $1.4 Billion In Profit Sharing Payments To Employees
Delta Air Lines is paying out $1.4 billion in profit sharing, more than double what it paid employees a year ago.
The payments, which more than 100,000 Delta employees received Wednesday, come to about 10% of their annual salary, or more than a month’s pay. All Delta employees below mid-level managers participate in the program, the airline said.
This is the second largest profit sharing payout by Delta, trailing only the record $1.6 billion it paid for 2019. That bonus was roughly equivalent to two months of pay per employee.
Here's When Experts Think The Fed Could Start Cutting Interest Rates
Economists have revised their forecasts following Tuesday's sticky inflation report, with many of them now projecting the Fed's first cut will come later in 2024 than they had earlier forecast. In other words, don't hold your breath for a cut at either of its next two meetings, in March and May.
Earlier in the year, most economists pegged the first rate cut of 2024 for the Fed's March 20 meeting. But as of Wednesday, only 1 in 10 continued to forecast a March rate cut. Likewise, fewer economists are now predicting that the Fed will cut rates at its May 1 meeting. Currently, about one-third are still penciling in a May rate reduction, down from 90% earlier this year.
Instead, you'll most likely need to wait until the Fed's June 12 meeting to see the first rate cut, according to economists polled by FactSet.
How To Get A Job In Tough Times: All The Advice You Need To Succeed From A Top Executive Recruiter
There’s an old saying, “Tough times make tough people.” In this book, Jack Kelly will help guide you every step of the way in your job search to ensure that you stay strong, resilient and positive, and get that great, new job.
