Workers today enjoy unprecedented job availability and pay increases, with satisfaction rates at record highs as they transition to better employment opportunities.
The unemployment rate dropped significantly from 6.4% to 4.3% since Biden took office, indicating a robust labor market. Throughout his presidency, this rate has been consistently below 4%.
The percentage of prime-aged individuals with jobs rose from 76.4% to 80.9%, reflecting the strong labor market where workers have choices and can find satisfying employment.
The pandemic has reshaped the workplace, leading to more workers working from home—19 million more individuals report this option today versus pre-pandemic levels.
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