• Although Friday's U.S. jobs data show continued declines in unemployment, many economists, such as from ZipRecruiter and LinkedIn, are concerned at the data they're seeing.
  • One of them called the decline in employers' job postings on ZipRecruiter "an early tsunami warning" and a "pull-the-ripcord emergency moment."
  • Several factors suggest pessimism from businesses about the near future, including the recent dry-up of government stimulus alongside ongoing operating constraints due to the pandemic.
Read more Show less

The vision of LA-Tech.org as it prepared to launch this month was of a thriving tech ecosystem coordinating its resources to give back to the L.A. community.

Built by a group of L.A. CEOs and founders from the likes of Cornerstone, Blackline and Factual, the coalition originally sought to bridge the growing divide between wealth and want in Los Angeles through programming to provide low-income youth with internship opportunities at tech companies like Snap and ZipRecruiter. The idea was both to give back and to support the L.A. tech world by strengthening its local labor pool and helping employees feel connected to their community.

Read more Show less

As regions nationwide steel themselves for the oncoming peaks of COVID-19 cases, the U.S. economy continues to stumble. But some emerging patterns suggest certain changes once it stabilizes.

For now, JPMorgan economists forecasted this week a 40% annualized decline in U.S. GDP for the second quarter, and a 20% surge in April's unemployment rate, with 25 million jobs lost. The number of people seeking unemployment benefits in the past three weeks totals 16.8 million.

Read more Show less

Trending