Monday, August 15, 2022
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5.2% of job ads offer a signing bonus — but 8 fields have the most. Here’s how workers can negotiate one

Luis Alvarez | Digitalvision | Getty ImagesEmployers are using signing bonuses at an elevated rate to attract talent — and there are ways workers can capitalize on the trend.A signing bonus is a financial sweetener — often a lump sum of cash — that businesses offer prospective hires.Offers vary

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Fed expected to stick with hawkish rate hikes until data show further slowing in inflation

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists.On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of

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Long-term unemployment tumbles to its pre-pandemic level, helping to ‘mitigate the risks of labor-market scarring’

Long-term unemployment tumbled below its pre-pandemic level in July, the U.S. Department of Labor said Friday, as an unexpectedly strong showing of job gains buoyed workers broadly across the economy.Long-term joblessness is a period lasting at least six months. Those without work that long are exposed to more financial

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Typical job switcher got a pay raise of nearly 10%, study finds

Morsa Images | DigitalVision | Getty ImagesMany workers who changed jobs recently saw raises from their new paychecks outpace inflation by a wide margin — by nearly 10% or more, according to a new study by the Pew Research Center.The typical American who changed employers in the year from

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Inflation poses a ‘clear and present danger,’ says Manchin: Economists weigh in on how it can hurt and help consumers

A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn.Michael M. Santiago | Getty Images News | Getty ImagesInflation hit a new 40-year high in June and policymakers are working feverishly to tame it — perhaps even risking recession to do so.

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Singapore’s state-owned investor Temasek reports record portfolio value

A signage for Temasek Holdings is displayed during a news conference following the company's annual review in Singapore on July 9, 2019.Bryan van der Beek | Bloomberg | Getty ImagesSINGAPORE — Temasek Holdings reported Tuesday that the net value of its portfolio grew to $286.48 billion (403 billion Singapore

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Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years

Momo Productions | Digitalvision | Getty ImagesThe number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and the bargaining

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The job market is still ‘red hot’ despite recession fears, as the Great Resignation continues

Mixetto | E+ | Getty ImagesWorkers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday.The numbers reveal that the pandemic-era trend known as the "Great

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Inflation is the ‘biggest poison’ for the global economy as recession risk rises, Deutsche Bank CEO says

Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020.Denis Balibouse | ReutersEurope and the U.S. face a high likelihood of recession as central banks are forced to aggressively tighten monetary policy to

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Dalio is right to short Europe, strategist says: ‘The pain will go on for quite a while’

Ray Dalio, Bridgewater Associates, Founder, Co-Chairman & Co-CIO, at the WEF in Davos, Switzerland on May 24th, 2022.Adam Galica | CNBCBillionaire investor Ray Dalio is right to have bet against European stocks, and global markets still have a rough road ahead, according to Beat Wittmann, partner at Zurich-based Porta Advisors.Dalio's

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