According to the Department of Labor the unemployment rate in the United States continues to fall down. It reached the record 3.5% in September 2019 which is the lowest rate since December 1969.
What drives wage growth? Mostly Tech and some Finance jobs.
Monthly salaries, 2019. ($US)
Tesla recently announced its robotaxi service – a fully autonomous taxi hailing service (albeit futuristic) that can put most Uber drivers out of work. Not to mention the whole self driving autonomous technology can be a huge disruption to trucking industry.
Staffing Industry Analysts in their recent forecast estimate US staffing market to reach a record $153.5 billion in revenue this year. The market will grow by 4% in 2019 and by 3% in 2020.
US 1950: 1983 hours 2014: 1764 hours
Here is a list of cities that are good at attracting and training top talent. The 3 cities in the list are in the U.S.
A report came out today from U.S Commerce Department regarding the last quarter GDP rate. It appears in the last quarter, U.S economy grew at 2.6% rate which was way higher than the 2.2% median growth rate economists had predicted.
Some of the hottest job searches found on Google Trends
Some of these job search terms are interesting. But it gives a good sense of what is in demand these days.
Apple: $29.9 million per hour
Amazon: $26.6 million per hour
Google: $15.6 million per hour