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Here's how much renting will cost you versus buying a home
The cost of buying a place to live in the U.S. shot through the roof last year as surging mortgage rates pushed the price of homeownership beyond many families' budgets. Real estate has gotten so expensive that in most American cities, residents would save money by renting, according to a recent report from Realtor.com. In 45 of the country's 50 largest metro areas, renting is cheaper than buying, the real estate research service found, which based its analysis on the cost of buying a starter home with a 7% down payment and included average taxes, insurance and homeowners association fees.On average,...
Job openings unexpectedly rose in December to 11 million
U.S. job openings unexpectedly rose in December, a sign the American labor market remains hot and a blow to the Federal Reserve's efforts to cool it down. Openings in December rose to 11 million, up from 10.4 million in November, the Labor Department said Wednesday. Economists had expected job openings to drop slightly in December. The rate of layoffs and employees quitting both ticked up slightly that month. "With 76.4 million Americans starting new jobs, 2022 is the year with the largest number of completed hires on record,"Julia Pollak, chief economist at ZipRecruiter, said in...
Layoff survivor guilt hits workers who remain after job cuts
Mass layoffs like those roiling the tech industry affect more than the people who lose their jobs. Laid-off workers face practical challenges, such as staying financially afloat and securing new employment, as well as the psychological blow of feeling rejected. Yet those who remain after their coworkers are dismissed can also struggle from what workplace psychologists call "survivor layoff guilt." Susan Tyson, a marketing professional at a Texas-based software company, experienced this firsthand when her employer cut 25 of her roughly 7,000 colleagues last month. Initially, she felt understandably relieved at having kept her job. Then the regret started to...
ChatGPT is growing faster than TikTok
ChatGPT, the artificial intelligence-powered text tool that can spit out cogent answers to virtually any query in seconds, is acquiring new users faster than the most popular consumer apps created to date. The chatbot launched for public use only in December but has already amassed 57 million monthly active users in its first month of availability. It is expected to have surpassed 100 million monthly active users in January, according to new research from investment bank UBS. These jobs are most likely to be replaced by chatbots like ChatGPTBy comparison, it took social media app TikTok roughly nine months after its...

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