We are leaving the darkness and coming into the light. After a brutal pandemic year, the job market is picking up steam. Around 80 million Americans have filed for unemployment benefits since last March. There was a lot of job searching without much luck. However, it looks like your fortunes will soon change. Companies are bringing back workers to the office, states are opening up and restrictions are being loosened. Trillions of dollars have been injected into the economy by the federal government and vaccinations have ramped up. If you are searching for a new job, the odds of finding one has increased due to these new developments. Since it's likely you haven’t negotiated for a salary in a long time, here’s some basics of what you need to do when presented with a job offer.
In A Positive Sign That The Job Market Is Rebounding, Last Week’s Unemployment Claims Plunged To A Pandemic Low Point
In an encouraging and positive report, the United States Department of Labor announced that initial weekly jobless claims have plunged to a pandemic-era low. The number of Americans seeking unemployment benefits dramatically dropped to 576,000 compared to January’s 900,000 highpoint and a stubbornly consistent 700,000 claims. This decline is a much-needed piece of good news potentially signaling that the U.S. is recovering and the massive layoffs are subsiding.
‘I Do Not Trust People in the Same Way And I Don’t Think I Ever Will Again’
As COVID-19 vaccinations continue to run ahead of schedule, many workplaces that went fully remote last year are starting to set timelines for bringing people back to the office—and their employees are not happy. As reopening initiatives gather steam, I’ve been flooded with letters from people viewing these plans with deep suspicion. Many of them are wondering whether they should even tell their employers once they’re vaccinated, since they fear that knowledge will be used to compel their return to work.
As COVID-19 Wanes, Employees Want More From Work, Including Child Care And Flexibility
Peijun Ma and her husband had to tag team in the early days of the pandemic, alternating their work in a research lab with time spent caring for their 6-year-old son whose school was closed because of the COVID-19 crisis. Then in June, Ma’s employer opened a child care center for staff. “It’s super important,” says Ma, who previously had to wait for her husband to get home before heading to Broad Institute in Cambridge, Massachusetts, where she worked on her postdoctoral research until midnight. “We were able to send my son there so I could have regular work hours.”
Jeff Bezos Says Amazon Needs To Do A Better Job For Employees In His Final Shareholder Letter As CEO
In his final letter to shareholders, Amazon CEO Jeff Bezos on Thursday laid out a broad vision for the future of the company, committing to extend Amazon’s famous obsession over its customers to the same level of care for its employees.
U.S. Senate Votes 53-45 To Confirm Gary Gensler As Biden’s SEC Chief
The U.S. Senate voted 53-45 on Wednesday to confirm former derivative markets regulator Gary Gensler as head of the country’s top securities markets regulator, spelling a tougher regulatory regime for Wall Street. Gensler is expected to be sworn in as U.S. Securities and Exchange Commission (SEC) chairman in the coming days.
Wells Fargo Starts To Emerge From Sales Scandal
Wells Fargo & Co (WFC.N) beat Wall Street profit expectations on Wednesday as it reduced bad loan provisions and reined-in costs, signaling the bank may finally be emerging from a sales practices scandal that has dogged it for nearly five years.
U.S. House Committee Approves Blueprint For Big Tech Crackdown
The U.S. House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement Thursday.
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