Everyone who wants a job has one, businesses are less likely to lay off workers, and employees are getting more flexibility and benefits.
The surfeit of available jobs means workers have been empowered toto better jobs — jobs more suited to their skills, education, and interests, and at much better pay. Wages have increased strongly across all occupations, industries, and regions of the country, but especially in perennially low-wage jobs. Wages for jobs in the— mostly leisure and hospitality and retail jobs — have increased more quickly than for all other workers, especially those in the top 25%.
Workers, therefore, are much happier in their jobs. According to an annual survey of job satisfaction conducted by the, well over 60% of workers say they are satisfied with their jobs. This is the highest share since the survey began in the late 1980s. The low, close to 40%, came in the wake of the financial crisis. It is interesting to note that workers say they have a much better work-life balance. Thank you, remote work.
Of course, workers face challenges. Most immediately, this hot job market is in the Federal Reserve’s crosshairs. The Fed hopes to raise interest rates high enough, fast enough to cool off job and wage growth and quell inflation — but not so high and fast that businesses lay off workers in droves and ignite a recession.
Pulling this off won’t be easy, but so far, so good. Job growth remains strong, though it is throttling back. Businesses aren’t laying off more workers, but they have become more circumspect in their
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US labor market & bureau labor statisticsUS labor market & bureau labor statistics
Les mer »
Blink video doorbells and cameras are up to 40 percent off for Labor DayAmazon’s latest deal makes it easier to secure your home without breaking the bank.
Les mer »
The best Labor Day deals you can shop now: Apple Watches, headphones, Legos, and moreSale prices at Amazon, Walmart, and Target start at just $12.
Les mer »
28 Great Nike Labor Day Deals You Can Shop Right NowSave on shoes, activewear, and equipment during the sale.
Les mer »
The 20 Best Early Labor Day 2023 SalesLabor Day isn’t until Sept. 4, but you can get a head start on your shopping now.
Les mer »
Every AVAPOW portable jump starter on Amazon is on sale right now for Labor DayLooking to save some cash on a jump starter to keep in your trunk for emergencies? AVAPOW is selling every single one on Amazon at a discount right now.
Les mer »