Is this the last-chance saloon for job switchers? If there's a recession, the labor market may not be so rosy.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

People who start considering a job move now may land higher pay, but some employers use a 'first in, first out' rule during an economic downturn.

It’s a song that could be running through the minds of workers who have remained with their job during the pandemic, watching others shuffle themselves into new spots, careers — and higher salaries.

“‘Could it be that if you hold off another six months, that you’ll have a better one in six months? Yes, that’s possible. It could be that it’s worse — and I think that is where it’s changed.’” Average hourly earnings for all workers rose to $32.36, a 5.2% year-over-year increase, the August jobs report showed. That’s still shy of the 8.5% rate of inflation in July.

“In the summer of 2021, I think we were all pretty confident telling you, ‘You know what, you’re going to have an even better opportunity in six months.’ And I think it’s more uncertain,” said Guy Berger, LinkedIn’s principal economist. In LinkedIn’s own recent research, hiring inAugust hiring — as measured by users adding a new employer on their profile — was 6.5% higher than the previous month, but still 8.5% lower than April.

Better to avoid this cycle of guilt by being upfront at the beginning, Sutton said. “It’s almost a freeing conversation because now the guilt is gone. If you haven’t had a business review in the last six to 12 months, then ask for one,” he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Social Security & You: The Social Security earnings penalty for self-employed people“Well, Tom, you see, I’m a farmer. I got me about 100 acres of beans, and I really only work two months a year. I plant those beans in April and I harvest them in October. The rest of the…
Source: TucsonStar - 🏆 339. / 59 Read more »