In November, the Labor Department's report showed job growth but highlighted hidden challenges: higher unemployment, declining labor force participation, and a decrease in remote work.
The declines in remote work, coupled with mandates for employees to return to the office, hint at a weakening labor market, since such mandates act like pay cuts.
Telework, though valuable, is not an option for all workers. Only about 38% of full-time workers report being hybrid or fully remote.
The ability to work from home is valued significantly by certain workers, equating to an indirect raise of about 8% of their pay, and even more for specific demographics.
Collection
[
|
...
]