The labor market is a challenging space, especially for young adults who are often the first to bear the brunt of economic downturns. A recent report by the Federal Reserve Bank of St. Louis highlighted that approximately 16% of 18- to 24-year-olds fall under the category of “disconnected youth.” These individuals, also known as “NEETs”
Talent
China has taken a significant step in the gaming industry with its first top-tier video game, Black Myth: Wukong. This action-packed game set in mythological China has captured the attention of gamers worldwide and has broken several world records. In just three days after its launch on Aug. 20, Black Myth: Wukong sold over 10
Remote work has become a significant trend in the U.S. labor market, with economists recognizing it as a major shift that has taken place over the past couple of decades. According to Nick Bunker, economic research director for North America at job site Indeed, the work-from-home revolution is still going strong and is expected to
Under Armour recently announced its fiscal first quarter results, revealing that its revenue had fallen across the board. However, the athletic apparel retailer managed to outperform Wall Street’s expectations, leading to a surge in its stock price. The company reported earnings per share of 1 cent adjusted, beating the estimated loss of 8 cents, and
The Summer Olympics in Paris have garnered a significant amount of attention from viewers in the United States, with a noticeable increase in viewership compared to the 2021 Tokyo Olympics. This rise in popularity has been attributed, in part, to the involvement of rapper Snoop Dogg in the coverage. Snoop Dogg has been more than
Family offices are facing a fierce battle for talent in today’s competitive landscape. As these private investment arms of single families continue to grow in size and number, they are competing directly with private equity firms and venture funds for top staff. In response to this challenge, family offices are revamping their compensation plans by
The current state of the job market is leaving many workers feeling disheartened and uncertain. Recent data shows that job seeker confidence in Q2 of 2024 has plummeted to the lowest level in more than two years. This decline in confidence signals that workers are increasingly pessimistic about their prospects of securing their desired jobs.
As the job market transitions from the rapid pace seen during the pandemic era, many workers are expected to experience a reduction in their annual raises for the upcoming year. According to a recent survey conducted by WTW, a consulting firm, the average worker is projected to receive a 4.1% pay raise in 2025, down
The semiconductor industry is currently facing a significant talent shortage amidst a tight labor market. The competition for skilled workers is intensifying as funding from the CHIPS and Science Act is being rolled out to boost domestic production. A recent study by the Semiconductor Industry Association projects a shortfall of up to one million workers
The issue of youth unemployment is a challenging one that continues to persist, despite the overall low unemployment rate. A significant portion of young adults are categorized as NEETs – not in employment, education, or training. These individuals are often discouraged by their economic standing, leading them to opt out of the labor force altogether.