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Over 90% of Gen Zers and millennials said they're considering leaving their jobs, per a LinkedIn survey. The increase reflects young workers' desire for higher pay — but also confidence in the labor market. But as this uncertainty recedes, many young Americans appear ready to jump back into the job market. While these desires were prevalent among all generations, young Americans had the highest expectations for a pay bump in 2024. If young workers don't receive the raises or promotions they expect, this could provide them with additional motivation to leave their employers.
Persons: Gen Zers, millennials, , Zers, Gen Xers, Kantenga Organizations: Service, LinkedIn, Censuswide, Boomers, University of, Young
And they believe that Gen Z is the reason for this. AdvertisementAdvertisementThe changing language of emails represents the younger generation's desire to put their own stamp on things. Whereas for Gen Z, social media has driven linguistic change and sped up the spread of language trends." Gen Z is picking up words like "ick," "naur," "slay," and "unserious," and applying them to professional settings to the dismay of HR professionals and older workers. Adopting more casual language at work may help Gen Z assert some control and find their way in the professional world.
Persons: LifeSkills, Censuswide, Laura Bailey, Bailey, Gen, Z Organizations: Service, Barclays LifeSkills, Barclays Bank, University of Kent, LinkedIn Locations: Wall, Silicon
Half of tech executives reported heavy drinking in a new survey. The study polled 501 tech executives at companies with at least 1,000 employees. The survey, titled "2023 Mental Health in Tech Report," was taken between April 27, 2023 and May 15, 2023. Along with long-term fears of job loss, some tech executives reported struggling day to day. Steven Tweedie/Business InsiderAlong with controlled substances, heavy alcohol use was reported by tech executives.
Persons: Steven Tweedie Organizations: Morning, Health, Mental Health Services Locations: Colorado
Mortgage rates fall for the first time in three weeks
  + stars: | 2023-06-08 | by ( Anna Bahney | ) edition.cnn.com   time to read: +4 min
Washington, DC CNN —Mortgage rates dropped this week after a three-week climb, as rates remain volatile amid conflicting economic indicators. Mortgage rates topped 5% for the first time since 2011 a little more than a year ago and have remained over 5% for all but one week during the past year. The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. Mortgage rates tend to track the yield on 10-year US Treasuries, which move based on a combination of anticipation about the Fed’s actions, what the Fed actually does and investors’ reactions. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow.
Persons: Freddie Mac, , Sam Khater, Freddie Mac’s, Jiayi Xu, Xu, ” Xu, Bob Broeksmit, Organizations: DC CNN —, Fed, Federal, Treasury, , Mortgage, Association Locations: Washington
In December, LinkedIn and CensusWide surveyed more than 2,000 U.S. workers about their professional plans for the new year. Of those respondents, 72% of Gen Zers and 66% of millennials said they are contemplating a career change in the next 12 months, compared to just 55% of Gen Xers (ages 42-57) and 30% of baby boomers (ages 58-76). This has translated to ample opportunities for workers, who can double or even triple their salaries by changing jobs. Even with a possible recession on the horizon, Kimbrough expects that Gen Zers and millennials will continue to quit and change jobs at elevated rates in the months ahead. Gen Zers and millennials want to work on their own terms
The survey of 1,002 people, conducted by market research company Censuswide in October for recruitment website Indeed, adds to signs that long COVID continues to be a factor behind widespread labour shortages in Britain. Some 98% of long COVID sufferers said the condition had limited their ability to work, 78% had needed to cut back or change their work and 19% had ceased work altogether. Long COVID, a collection of symptoms ranging from pain and heart palpitations to insomnia and brain fog, can last for many months after initial infection. Of those, 73% said long COVID was limiting their day-to-day activities, and 16% - 333,000 people - said their activities had been significantly limited. In the Indeed survey, 59% of people diagnosed with long COVID said they felt more tired, 42% felt physically weaker, 37% found it harder to concentrate and 19% were in pain when working.
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