According to the latest government unemployment data released last week, the unemployment rate declined by 0.2 percentage point to 4.2 percent in September. The number of unemployed persons also declined by 331,000 to 6.8 million. Both measures were down over the year.
If you are looking for a new start in a different field, you are not alone. A recent survey Harris Poll on behalf of University of Phoenix showed that the majority of American workforce is interested in changing careers, but they worry about the risks of starting over. How could you pursue your dreams and know where to begin?
It is common knowledge: happy employees perform better than unhappy ones. But success does not necessarily make people happier. So what does? According to many studies, the answer is the magical phrase: “work-life balance”. The challenge here is twofold for both employees and employers. Firstly, how to make more money and still maintain healthy work-life balance, have family time, to relax and have fun. Is it possible to have it all? Secondly, how can employers make their employees happy and retain them?
In order to successfully teach or implement STEM (science, technology, engineering and math) curriculum and ultimately create more graduates with STEM skills, quality STEM professional development initiatives are needed. How to we approach these challenges in the STEM field?
Employers are increasingly looking for experts with STEM skills (science, technology, engineering and math). However, there are not enough graduates to fill all the vacancies. On top of that, only 10 % of recent graduates in these fields go to work in STEM. What are schools and policy makers doing to close this gap?
Over the next few decades, automation and artificial intelligence (AI) will change the job market and replace jobs often held by millennials. According to the Gallup study, millennials will be most in danger of being replaced because they are going to be working for many years before they retire. Other positions at risk are entry-level routine jobs such as accounting and financial services. What could be done to beat the trend? How is AI changing the workforce?
What do cars, traffic lights, phones, watches, coffee machines, printers, and TVs have in common? They are all objects increasingly connected to the internet and could potentially communicate with each other. It allows them to get updates, collect, or utilize data like never before, and communicate on a “machine-to-machine” basis. This so-called Internet of Things (IoT) is not limited to only every day wireless items. IoT is also used in manufacturing, transportation, healthcare, energy, education – the list only keeps growing. IoT is clearly the next big thing in technology. What impact does it have on businesses and our every-day life?
The so-called Fourth revolution – the use of robotics, nanotechnology, the Internet of Things, biotechnology, artificial intelligence and 3-D printing – is already changing the labor force and all sectors of life. In an economy centered around people, this change will create bigger social inequality gaps and shape the way we live and work. How is new technology going to change the labor force?
Both major employment search engines – Indeed and Glassdoor – list technology jobs among the most lucrative jobs. In 2017, 7 out of the top 10 best jobs were from the tech industry, software engineering and development in particular. This is based on salary comparisons, growth prospects from 2013 to 2016, and job postings. Additionally, computer and IT jobs are expected to grow 12 % from 2014 – 2024 according to the Bureau of Labor Statistics. And by 2020 there are predicted to be 1.4 million new unfilled software development positions. However, there might not be enough experts to fill these positions. Why is this so? What other problems is the tech industry facing?
Interest in cybersecurity insurance has rapidly increased in the last few years, thanks in part to events like the recent WannaCry ransomware attack. For many companies, this global incident served as a wake-up call. In the week after the attack, cyber insurance orders rose by 40 percent.