Health care workers are staying in their role because of salary and benefits (39%), loyalty to employer and co-workers (26%), and loyalty to their patients (23%), according to a survey of 987 medical employees by Software Advice, a provider of one-on-one help and personalized software…
What if the Optimal Workweek Is Two Days in the Office, Not Three?
About a dozen firms are paring down in-office schedules from three days a week to two, according to Nicholas Bloom, a Stanford University economist who studies remote work. Other firms are abandoning a full return to the office altogether. Many companies are reconsidering their return-to-work…
Consumer Prices Slow in April; Inflation Still High
Consumer price growth slowed sharply in April as gasoline prices eased from record highs, suggesting that inflation likely has peaked, though it could remain hot for a while. The consumer price index increased 0.3% last month, the smallest advance since last August, according to the U.S….
Job Openings Drop Below 11 Million for First Time Since Last Fall as Hiring Slows
Job openings declined to 10.7 million in June to mark the lowest level since last fall, signaling that the red-hot labor market is cooling off a little as the economy slows. Job openings dropped from 11.3 million in May and have declined for three consecutive months after peaking in the early…
Slowing Job Growth Good News for Those Concerned About Inflation
September marked the 21st straight month of job growth but it was the lowest monthly increase since April 2021, which is good news for those monitoring inflation. “America’s help wanted signs are still up and employers are still hiring, a good sign of continued confidence in fourth quarter demand…
2022 Q3 AI and Biometric Privacy Quarterly Review
Employers should be aware that the U.S. Equal Employment Opportunity Commission is paying close attention to the use of artificial intelligence in hiring and employment tools due to the potential for discrimination and bias. Companies that use such tools would be wise to modify or enhance their…
Wave of Job-Switching Has Employers on a Training Treadmill
Employee turnover has surged during the pandemic era. Some Americans are flexing their power in the hot labor market while others are reevaluating their priorities. More than 4.5 million workers voluntarily left their jobs in November 2021, the most in two decades, according to government…
Long-Robust U.S. Labor Market Shows Signs of Cooling
Although official government reports indicate that the U.S. labor market remains hot, ZipRecruiter Inc. and Recruit Holdings Co. say their data show the number of job postings is declining more than reports of job openings from the U.S. Department of Labor show. This is important because if…
OSHA Is Not Backing Down—Employers Must Address Risks of Extreme Heat
On July 27, President Joe Biden issued a statement noting that the U.S. Department of Labor will continue ramping up its crackdown on heat-related safety violations. Biden also specifically asked DOL to issue its first-ever Hazard Alert for Heat. The U.S. Occupational Safety and Health…
Industrial Output Jumps in July on Sharply Higher Utilities Output
Industrial production increased 1.0% in July, according to the U.S. Federal Reserve, on the back of strong utility use from the hot summer weather and a rebound in automobile production. The advance in factory output in July was above expectations of a 0.5% increase, according to a poll by the…
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