More women in the United States are entering the skilled trades. A skilled trade is a job that requires specific skills, knowledge or abilities. These occupations are usually hands-on, roll-up-your-sleeves jobs, such as electricians, carpenters and technicians.
Training or an apprenticeship in the trades can be a more cost-effective way to obtain a job compared to pursuing a four-year college degree. A woman in the trades won’t be burdened by substantial student debt. Since there is an ever-growing demand for skilled tradespeople, these jobs can offer competitive salaries and financial rewards.
A majority of tradespeople report high levels of job satisfaction, which is crucial for career longevity and personal fulfillment. This satisfaction can lead to career advancement and increased opportunities for women in the skilled trades.
Latest Developments In The Job Market And U.S. Economy
U.S. Added 275,000 Jobs In February, More Than Expected
On Friday, the Bureau of Labor Statistics reported that the U.S. economy added 275,000 jobs in February, up from a revised 229,000 in January and above the 198,000 expected by economists.
The solid job growth data, combined with an unemployment rate that, at 3.9%, is usually a sign of a healthy labor market, is colliding with other, more worrisome trends.
“We’re seeing that the job market is getting cooler,” said Guy Berger, director of economic research at the Burning Glass Institute, a labor research group. “It’s still not a bad one, but it’s looking more like what we saw in the mid 2010s — which was not a terrible job market but still a worse one than what we saw later that decade or what we had in the post-pandemic period.”
Layoffs Rise To The Highest For Any February Since 2009, Challenger Says
Layoff announcements in February hit their highest level for the month since the global financial crisis, according to outplacement firm Challenger, Gray & Christmas.
The total of 84,638 planned cuts showed an increase of 3% from January and 9% from the same month a year ago, with technology and finance companies at the forefront.
From a historical perspective, this was the worst February since 2009, which saw 186,350 announcements as the worst of the financial crisis was seemingly coming to an end. Financial markets bottomed the following month, paving the way for the longest economic expansion on record, lasting until the Covid pandemic in March 2020.
For the year, companies have listed 166,945 cuts, a decrease of 7.6% from a year ago.
Rite Aid Delays Severance Payments To Laid Off Employees
Rite Aid, which declared bankruptcy in 2023, is delaying severance payments to its laid off employees. The Wall Street Journal, citing an internal email, reported that the drug store change has had to make "difficult decisions" due to its restruturing. Rite Aid noted that it is delaying the payments to save cash in the short term. The payments were due on March 7. The company said it will make the payments, though it is unsure when that will be.
Boeing To Tie More Of Employees’ Pay To Safety
Under fire for production snafus, Boeing is overhauling how it pays employee bonuses to emphasize quality and safety over meeting financial targets.
The move, one of many to address quality issues following the door-plug blowout on an Alaska Air flight, applies to Boeing’s nonunion workforce of more than 100,000 employees, managers and executives, according to a memo sent to employees and reviewed by the Wall Street Journal.
The biggest shift will be in the company’s commercial unit, its largest, where safety and quality metrics will now account for 60% of annual bonuses. Previously, financial incentives comprised 75% of the annual award, while the remaining 25% was tied to operational objectives including quality and safety.
Some Employees Are Struggling With The Return To Office. Now, The Workplace Etiquette Industry Is Booming
Many companies had to manage employee discontent when calling them back to the office as risks from the Covid-19 pandemic eased.
And now that they’re back, employers are having to address a new issue: some employees have forgotten how to behave in the office.
Demand for workplace etiquette training has surged over the past two years as companies grapple with the fact that some employees brought their at-home habits back to the office and others had little experience in a professional setting in the first place. More than 60% of companies plan to implement etiquette courses for staff this year, according to a survey of more than 1,500 business leaders published in July by job seeker service company Resume Builder.
U.S. CEOs Now More Optimistic About Economy
American CEOs are feeling a lot more optimistic about the economy.
The latest Business Roundtable’s report on CEO outlook jumped 11 points to 85 for the first quarter — above its historic average for the first time since 2022.
“This quarter’s survey results underscore the resiliency of the U.S. economy and suggest accelerating economic activity over the next six months,” said Business Roundtable Chair Chuck Robbins, who is also Cisco’s chief executive.
The report showed business leaders raised their economic growth estimates for this year — to 2.1% from 1.9% last quarter. And the growing confidence was reflected in CEOs’ business plans for the months ahead.
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.