What’s Holding Up The Sluggish Job Market – ryan

WELCOME BACK! Chances are, you might be reads this over a nice cup of coffee. If that is the case, you also might be wondering why it costs you more than usual. We spoke to three roasters to learn why that’s the case. (And no, it is not just just get kids of tariffs.)

In Today’s Big Story, More Depressing News About the State of the Job Marketand The People Who Are Sufgering As A Result.

What’s On Deck

Markets: Nervous investors KEEP TURNING TO GOLD.

Tech: Google’s fancy new he features COULD BOOST ITS MOBILE BUSINESS.

Business: For the first time in a long time, the price you see online is the price you actually get.

But first, one bill to rule say all.

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The Big Story

Swimming

I regret to inform you that more bad news about the job market.

It seames the labor is in its wait-and-see era as companies are taching Much Longer to Fill Their Few Open RosesAccounting to Bi’s Jacob Zinkula and Madison Hoff. DATA SHARED WITH BI FROM REVELIO LABS SHOWS HOW DELIBERATE COMPANIES ARE BEING ISLASS.

BACK IN OCTOBER 2019, Roughly 91% of Job Postings from Russell 3000 Companies Were Filled in Six Months. This October, Fewer than Half the Jobs Posted Were Filled with That Same Timeframe.

It is the latest in a long line of disappointments for nonb seekers these days.

Break White-Collar Recession is Alive and Well. Tech Jobs, in Particular, Are Being Hit Hard nor companies retrink their workforce. (And tan if you work in tech, it might not be for long.)

He encounters Made aplying and interview for Jobs a Mess. You also have to worry about Ghost Jobs. And tan if you decide to stay put, Get Ready to Be ARUND MANY GRUMPY People.

I’d love to tell you are the are going to get better. There is a light at the end of the Tunnel. But the reality is I can’t. The Biggest Thing Holding Up The Job Market is What’s Frozen the Rest of the Economy: Uncertainty.

President Donald Trump’s On-Again-Off-Again Trade War Has Companies Hesitant to Hiring Plassing Regret Depending on Where Tariffs Land.

Maybe You’re Still not convinced Things are that bad.

AFTER ALL, UNEMPLOYMENT IS STILLLY LOW (4.2%). And yes, some of the above data might look a bit Scary, but the Job Market Ebbs and Flows.

SOMESTEMES DATA ONLY TELLS PART OF THE STORY, WHICH IS WHY BI’S ALLIE KELLY SPOKE TO SOOME PEOPLE who has felt the Job Market’s Challenges Firsthand. AFTER MONTHS OF REMEACTION, they are seting for jobs that just help say pay their bills.

The Challenges of the Job Market Are Age-Agnostic. A 71-YEAR-Old Told Allie About Putting retirement dreams on Hold as he Someks seven days a week to support Himself.

Meanwhile, A 21-Yaar-Old hoped to break into the marketing and communications industry. But after Applying to Nearly 100 Role in the Field, She’s Now Opened Her Job Search to Anynding that Help Her Pay the Bills.

3 Things in Markets

1. BAD VIBES ARE PROMPING People to go for Gold. The Economy May Be Intact, but “Soft Date” Shows Worsening Consumer sentiment and Inflation Expectations. Now, People are Flocking to Physical Goldwith Demand up 13% in Q1, accorting to the World Gold Council.

2. These retail investors dumped stocks. They don’t regret it. Some retail investors may be scrambling to buy the dip, but “cash is king” is also picking up steam. Two investors de-risked Their Portfolios Amid Market Volatility. Here’s why.

3. Meet the Investment Banker Behind Trump’s Invest-in-American Agenda. For 30 Years, Michael Grimes was the go-to banker at Morgan Stanley for Tech Companies. He Also Helped Elon Musk Buy Twitter. Now, Instead of Wooing Silicon Valley, Grounds is Trying to Attract Foreign Investors to the US as Trump’s Investment Accelerator.

3 Things in Tech

1. IT’S google time to shine. Apple has done a good job of keping customers in it Product ecosystem, but Google Slew of New Ai announcements at it i/o conferences COULD BE A “TROJAN HORSE” for its Device Businessnor bank of America Analysts Put it. Apple is bend google and openai in the Department, and the gap is Only widening.

2. A Tour of Where Amazon’s robots are Born. The Company has noisters of thusands of robots working acres it sortation and fulfillment centers. As Manufacturing Comes Back Stateside, These Facilities Could Be the Future.

3. Inside The Brain Drain Happening with Meta Llama he team. Out of the 14 researchers who worked on the original version of Meta Open-Source Llama Model, Only Three Remain. A Good Portion Now at Paris-Based Startup Mistral, Cofounded by Two of Llama’s Key Architects. The Exits Raise Eyebrrows Over Meta’s Ability to Retain he talent.

3 Things in Business

1. The era of all-in pricing is here. On May 12, A Bipartisan-Supported FTC Rule Went Into Effect, Cracking Down on Bait-And-Switch Pricing. Live-Event and Short-Term Rental Companies Like Airbnb and Ticketmaster Now Have to Disclose All Costs Up Front. Bi’s Emily Stewart Took the New Rule for A Spin – and Said it was awesome.

2. Employees aren’t Interested in Engaging with “Engagement Surveys.” In a post-Covid World Where Workers Are Spread Out Across the Map, Companies Are Cashing in Employs Vibe checks. The problem is, Employees Taching the Satisfaction Surveys are Pretty… Unsatisfied, Prompting The Question: Will The Surveys Actually Work?

3. This app is Becoming “The Ultimate Girl Math.” Women Are Rening Out Their Closets on the App Pickle With Some “Subenders” Making Thousands of Dollars A Month. Bi spoke to five women About How Much They Make On Pickle, and How they Get the Most of their Unworn Clothes.

In other news

What’s Happening Today

The Business Insider Today Team: Dan Defrancesco, Deputy Editor and Anchor, in New York. Hallam Bullock, Senior Editor, in London. Grace Lett, Editor, in Chicago. Amanda Yen, Associate Editor, in New York. Lisa Ryan, Executive Editor, in New York. Ella Hopkins, Associate Editor, in London. Elizabeth Casolo, Fellow, in Chicago.