Despite the benefits of hiring foreign-born STEM employees, some companies avoid it largely due to unfamiliarity with the visa process, according to two recruitment experts.| BioSpace
The Trump administration’s recently announced fee for new H-1B visa petitions is “completely unreasonable,” an immigration attorney told BioSpace. Attorneys and talent acquisition experts discuss how the fee could impact biopharma and confusion around the proclamation.| BioSpace
The S&P 500 SPDR ETF (SPY) closed today at 666 (chart). I have fond memories of that number. I wrote on March 16, 2009: "We’ve been to Hades and back. The S&P 500 bottomed last week on March 6 at an intraday low| Yardeni QuickTakes
Trump’s H-1B visa plan would worsen the STEM worker shortage, hurt innovation, and weaken America’s economy.| Washington Monthly
In new research, Priyaranjan Jha, Jyotsana Kala, David Neumark, and Antonio Rodriguez-Lopez find that studies arguing higher minimum wages have no employment effect—or even a positive effect—in many labor markets fail to account for how much less minimum wages matter in larger, higher-wage cities. Read it at ProMarket >>| ProMarket
The swift advancement of artificial intelligence (AI) has sparked significant concern that this new technology will replace jobs and stifle hiring. To explore the effects of AI on employment, our August regional business surveys asked firms about their adoption of AI and if they had made any corresponding adjustments to their workforces. Businesses reported a notable increase in AI use over the past year, yet very few firms reported AI-induced layoffs. Indeed, for those already employed, our ...| Liberty Street Economics
BioSpace data show biopharma professionals faced increased competition for fewer employment opportunities during the second quarter of 2025, with increased pressure from further layoffs.| BioSpace
Job growth slowed sharply in August, and the unemployment rate rose to its highest level in nearly four years. The latest jobs report, along with downward revisions to previous months’ data, indicates a continued cooling in the U.S. labor market. This softening trend is likely to increase pressure on the Federal Reserve to consider an…| Eye On Housing
President Donald Trump on Thursday nominated Council of Economic Advisers Chairman Stephen Miran to serve out the remaining term of Federal Reserve Governor Adriana Kugler. Trump said Miran will serve in the role until January 31, 2026, while he continues a search for a permanent replacement. The Senate will probably| Yardeni QuickTakes
Job cuts surged to 62,075 in July 2025, ending the summer lull. Tech, AI, tariffs, and federal budget cuts are driving major layoffs, according to the latest Challenger Report. The post Summer Lull Ends: July 2025 Job Cut Announcements Spike to 62,075, Tech, AI & Tariffs Increasingly Blamed appeared first on Challenger, Gray & Christmas, Inc. | Outplacement & Career Transitioning Services.| Challenger, Gray & Christmas, Inc. | Outplacement & Career Transitioning Serv...
This US survey examines: There is no evidence to suggest that the employment estimates produced by the Bureau of Labor Statistics are biased so as to favor any particular political party| Clark Center Forum
With a challenging economy, a tight labor market, and changing priorities, Millennials and Gen Z are fundamentally changing the way we work. Explore the modern gig economy and how it's benefitting workers and businesses alike.| JOHNLEONARD
The number of biopharma professionals let go has increased year over year for three straight months. In July, as many as 8,000 people lost or were projected to lose their jobs, due largely to news that Merck projects to cut roughly 6,000 employees as part of a multiyear process.| BioSpace
Employed biopharma professionals are highly likely to look for new jobs in the next 12 months, although not quite as likely as their unemployed counterparts, according to a BioSpace LinkedIn poll. Three recruitment experts discuss the findings and what’s driving job searches.| BioSpace
A key question in economic policy is how labor market tightness affects wage inflation and ultimately prices. In this post, we highlight the importance of two measures of tightness in determining wage growth: the quits rate, and vacancies per searcher (V/S)—where searchers include both employed and non-employed job seekers. Amongst a broad set of indicators, we find that these two measures are independently the most strongly correlated with wage inflation. We construct a new index, called t...| Liberty Street Economics
The rapid rise in Artificial Intelligence (AI) has the potential to dramatically change the labor market, and indeed possibly even the nature of work itself. However, how firms are adjusting their workforces to accommodate this emerging technology is not yet clear. Our August regional business surveys asked manufacturing and service firms special topical questions about their use of AI, and how it is changing their workforces. Most firms that report expected AI use in the next six months pl...| Liberty Street Economics
The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey shows a year-over-year increase in the average reservation wage—the lowest wage respondents would be willing to accept for a new job—to $81,147, but a decline from a series’ high of $81,822 in March 2024. In this post, we investigate how the recent dynamics of reservation wages differed across individuals and how reservation wages are related to individuals’ expectations about their future labor market movements.| Liberty Street Economics
The authors revisit previous findings that showed veterans have lower employment and labor force participation rates than comparable non-veterans.| Liberty Street Economics
The life sciences job market continues to shift. BioSpace’s Q2 2025 U.S. Life Sciences Job Market Report is now available, offering exclusive insights into the latest hiring trends, layoffs, and workforce dynamics across the life sciences industry.| BioSpace
1 in 5 respondents either have had or do have a fractional role, according to a recent BioSpace poll, and over half are considering it. Two recruitment experts, a fractional worker and an aspiring fractional worker share their insights.| BioSpace
U.S. employers announced 47,999 job cuts in June, down 49% from May but nearly flat vs. last year. Q2 cuts hit 247,256 — the highest since the pandemic peak in 2020. Retail, Tech, and Government sectors are most affected. Read the full Challenger report.| Challenger, Gray & Christmas, Inc. | Outplacement & Career Transitioning Serv...
U.S. employers announced 93,816 job cuts in May—down 12% from April but up 47% YOY — as layoffs broaden beyond government roles tied to DOGE to include service, retail, tech, and NFP sectors amid rising economic pressure, reduced spending, and funding shortfalls.| Challenger, Gray & Christmas, Inc. | Outplacement & Career Transitioning Serv...
It is intuitive that workers with higher levels of education tend to earn more than workers with less education. However, it is also true that workers with more education are much more likely to be employed, and this employment advantage of education has, if anything, grown in recent years. In this post, we document profound differences in labor market outcomes by educational attainment. Drawing on the Economic Heterogeneity Indicators, we find that the gap in employment rates between workers...| Liberty Street Economics
The biopharma job market likely won’t turn around until 2026, according to two industry experts. Both cited a need for more investment and noted the impact of uncertainty on the industry.| BioSpace
Although the job market did not pick up in April, layoffs were down year over year and month over month, according to BioSpace tallies. Meanwhile, Amgen, Novartis, Regeneron and Roche announced U.S. manufacturing investments that are sparking job creation.| BioSpace
Companies are announcing significant investments in U.S. manufacturing in response to looming tariffs. An AstraZeneca executive and Eli Lilly and Novo Nordisk spokespeople discuss potential job and skill-building opportunities and where manufacturing might head in the future.| BioSpace
While the Chicago metropolitan area is not a major life sciences hub, a recent Cushman & Wakefield report predicts the Chicago market should be a growth spot in the coming years. Chicago Biomedical Consortium and COUR Pharmaceuticals executives share what makes the area a hot spot.| BioSpace
A look at whether the observed slowdown in U.S. manufacturing productivity growth since 2010 is due to a decline in research and development.| Liberty Street Economics
In this blog, we discuss are recent study looking at working life and unemployment expectancies and conclude that it pays off to study. The post It pays off to study – a glance at expected career lengths in Finland appeared first on Finnwards.| Finnwards
A look at how letters of recommendation for PhD economists differ by gender, race, or ethnicity and how these differences relate to early career outcomes.| Liberty Street Economics
Milton Friedman used to advise researchers to focus on large policy changes rather than attempting to separate a small change’s signal from ...| caseymulligan.blogspot.com
The labor market has changed before our eyes. Employers and HR teams better watch out. Over the last five decades baby boomers defined the workforce. Today things could not be more different, and this change impacts all of us. I was born in the 1950s, growing up in a world where the middle class experienced ... Read more» The post The Labor Market Has Totally Changed: Are You Really Ready? appeared first on JOSH BERSIN.| JOSH BERSIN
In this blog post, we discuss what are the most common jobs for foreigners in Finland. It's based on a recent Statistics Finland article. The post Most common jobs for foreigners in Finland appeared first on Finnwards.| Finnwards
In March 2023, I visited Ma'agan Michael Kibbutz and had a meeting with a former| Supply and Demand (in that order)
Marshall discusses his Laws of Derived Demand in his Principles of Economics. Specifically, in Chapter VI of Book V.| Supply and Demand (in that order)
Treasury Secretary Yellen does not see any indicator of an imminent recession. | Supply and Demand (in that order)
A look at how labor demand has changed U.S. online job listings since the COVID-19 pandemic by geography and occupation.| Liberty Street Economics
A look at wage insurance, a program that temporarily provides additional income to displaced workers who become re-employed at a lower wage.| Liberty Street Economics
A productivity slowdown appears to be common across the U.S., with even the fastest-growing industries and the largest firms experiencing it.| Liberty Street Economics
This week we discuss skills recognition and learning at work in Finland. The discussion is based on the most recent Working Life Barometer. The post Skills recognition and learning at work in Finland appeared first on Finnwards.| Finnwards
In this blog post, we discuss working hours in Finland in 2023. The standard working hours per week in Finland is 40 hrs, but what is it in reality? The post Working hours in Finland in 2023 appeared first on Finnwards.| Finnwards
Contexts is a quarterly magazine that makes cutting-edge social research accessible to general readers.| Contexts
Wage growth has moderated notably following its post-pandemic surge, but it remains strong compared to the wage growth prevailing during the low-inflation pre-COVID years. Will the moderation continue, or will it stall? And what does it say about the current state of the labor market? In this post, we use our own measure of wage growth persistence – called Trend Wage Inflation (TWIn in short) – to look at these questions. Our main finding is that, after a rapid decline from 7 percent at i...| Liberty Street Economics
In this blog, we discuss a recent survey on well-being at work in Finland. It reveals that well-being at work in Finland has decreased. The post Well-being at work has decreased in Finland appeared first on Finnwards.| Finnwards
In this blog post, we take a look at the skills needed in the Finnish labot market today. It is based on recent data from Statistics Finland. The post Skills needed in the Finnish labor market today appeared first on Finnwards.| Finnwards
In this blog post we look at the employment rates of recent graduates in Finland. We discuss data from 2009 to 2021. The post Employment rates of recent graduates in Finland appeared first on Finnwards.| Finnwards
By James Kwak By some measures, in the short term, COVID-19 will surely reduce inequality of wealth, and probably inequality of income as well. As a purely mechanical matter, the rich have a lot mo…| The Baseline Scenario
