Madison Hoff
Reporter, Data at Business Insider
Former editor and reporter at @LUBrownWhite | @LehighU '19 Reporter @thisisinsider
Articles
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6 days ago |
businessinsider.com | Andy Kiersz |Allie Kelly |Madison Hoff |Henry Blodget
It's grad season, and Gen Z job seekers are feeling desperate. Zoomers are staring down a tough hiring market: Economic uncertainty has contributed to employees' wariness to quit and companies' hesitancy to hire. Artificial intelligence is disrupting the entry-level rung of the career ladder in industries like tech. Recent graduates have told Business Insider that they're frustrated by hundreds of rejected applications and being ghosted by prospective employers.
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1 week ago |
businessinsider.com | Andy Kiersz |Allie Kelly |Madison Hoff |Eliza Relman
Your parents' basement might be looking pretty good these days. In 2023, around 40% of younger Americans lived with their parents. Living with mom and dad is a popular safety net for Gen Zers who face steep housing costs, expensive higher education, and a shaky job market.
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1 week ago |
businessinsider.com | Bartie Scott |Juliana Kaplan |Madison Hoff |Henry Blodget
It's time to let go of Great Resignation FOMO. Typical year-over-year wage growth for job stayers has surpassed that for those quitting and switching roles. While it's a small gain at this point, you can see in the chart below that it's an extremely rare event and hasn't happened for a sustained period since 2009. Plus, it's a big turnaround from July 2022, when the gap was 8.5% vs. 5.9% in favor of job switchers.
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2 weeks ago |
businessinsider.com | Bartie Scott |Madison Hoff |Henry Blodget
Jack Stone, 60, sold her belongings and moved from Maryland to Portugal with her cat Olive last year — with no plans to return. It might not be her last relocation, but the US isn't in her future either because of retirement concerns. Stone was worried about what aging would look like in the US. She estimated she would need at least $2 million to comfortably live as a retiree in her Maryland home with healthcare and aging care.
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2 weeks ago |
businessinsider.com | Andy Kiersz |Madison Hoff |Henry Blodget
The year-over-year inflation rate ticked up in May to 2.4% from 2.3%, less than expected and reversing this year's cooling trend. Economists expected the consumer price index to surge 2.5% in May from a year earlier. Morgan Stanley expected the new consumer price index report to show evidence of "tariff-driven inflation," given reports and surveys have shown recent and expected changes to prices.
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I recently wrote about the labor market for 2024. Here's what to expect if you are looking to switch jobs this year: https://t.co/PcgHpsCBOM
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