The big picture

What economists expect from the August jobs report

The Fed wants to know if the U.S. labor market has made “substantial further progress.”

Aug 30, 2021 - Economy & Business
New survey shows companies are open to moving to cheaper locales

Remote work — accelerated by the pandemic — has made it easier for companies to seek out less expensive regions

Jan 19, 2021 - Economy & Business
How the pandemic will reshape the job market

Some lost jobs will never come back.

Jun 23, 2020 - Economy & Business
Coronavirus could upend traditional workweeks

And working parents could hugely benefit.

Jun 16, 2020 - Economy & Business
What offices might look like as America returns to work

Say goodbye to snack jars and office gyms.

Jun 16, 2020 - Economy & Business
A reckoning for small business

Millions of businesses might not survive — and many of the tens of millions of jobs they support could evaporate.

May 23, 2020 - Economy & Business

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Sep 14, 2021 - Economy & Business

What young people want from their employers

Illustration: Aïda Amer/Axios

Workers increasingly want their companies to think bigger than profits and speak up on social issues — and it's younger employees driving the trend.

The big picture: As the next generation enters the workforce, companies will have to devote even more time and resources to tackling issues like systemic racism, income inequality and climate change.

Tech's double-edged sword in the job market

Illustration: Aïda Amer/Axios

Technology that automates recruiting and hiring can be partly to blame for the current labor shortage, according to a new Harvard Business School and Accenture study.

Driving the news: More than 90% of employers in the U.S., U.K, and Germany surveyed said that they use automated systems to filter or rank candidates first. Those systems often eliminate candidates that could be a good fit for jobs with training, but whose resumes don’t precisely match the pre-set criteria.

Workers are worried about COVID

COVID concerns are keeping a growing number of Americans out of the labor market.

Why it matters: The wave of Delta variant infections over the past two months has renewed worker fears, which threatens to exacerbate ongoing labor shortages.

The war for engagement

Illustration: Sarah Grillo/Axios

The conventional wisdom that more people across the board are more likely than ever to leave their jobs is wrong, according to extensive polling by Gallup

What is true: Self-identified disengaged workers are ditching jobs faster than ever, the data reveals. 

Deconstructing August's disappointing jobs report

Illustration: Shoshana Gordon/Axios

COVID-era economic data tends to be noisy, and problematic to interpret. But in Friday’s disappointing jobs report, one thing was pretty clear: It’s Delta’s fault.

Why it matters: In some ways, that knowledge is a good thing: "It was definitely not as much progress as we were expecting, but the silver lining is that you can pretty clearly point to the cause of the weakness," Jeremy Schwartz, director of global strategy and economics at Credit Suisse, tells Axios.

The new school crisis

Signs advertising for bus drivers. Photo: Rick Bowmer/AP

Schools are getting desperate — and creative — in tackling a nationwide bus driver shortage.

  • A charter school in Wilmington, Delaware, is offering parents $700 to get their kids to and from school for the year.
Felix Salmon, author of Capital
Updated Sep 3, 2021 - Economy & Business

U.S. added 235,000 jobs in August, a massive slowdown

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added a meager 235,000 jobs in August, while the unemployment rate fell from 5.4% to 5.2%, the government said Friday.

Why it matters: It's the first jobs report to factor in the extent of the COVID-19 surge driven by the Delta variant — showing a massive slowdown in the recovery after July's blockbuster jobs report. Economists had expected 725,000 jobs to be added.

One-on-one with Goodwill Industries CEO Steve Preston

Steve Preston. Photo: Goodwill Industries International

“We are going to see a very different economy down the road, and ensuring that we can tool people to move into those better jobs will be essential, ” Goodwill Industries CEO Steve Preston tells Axios.

Why it matters: Today’s labor mismatch isn’t just about COVID fears and unemployment insurance. Steve Preston would know — as the CEO of Goodwill Industries, which runs more than 650 career centers across the country, he’s been on the front lines of getting people back to work.

The overlooked perils of gig work

Illustration: Sarah Grillo/Axios

Not only does gig work come with low and unpredictable wages, but gig workers — who make up an increasing percentage of the workforce — can also have a difficult time accessing government benefits and social services.

What's happening: While plenty of resources exist to help gig workers find jobs, new apps like Steady are helping them access the types of career support, mentoring and benefits that on-the-books corporate employees enjoy.

NYC mayor orders city workers back to their offices

New York City Mayor Bill de Blasio is directing the city's municipal office workers to return to in-person work by Sept. 13, the New York Times reports.

The big picture: Despite growing concerns about the Delta variant, de Blasio is intent on showing the city reopening, a promise made during an aggressive vaccination campaign.

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