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Read previewWe're spending less time in meetings than just a few years ago. And they're taking longer, with the average meeting length at 51.9 minutes, up from 50.6 in 2021. The survey, which focused on tech companies, found that employees spend 37% of their work hours in meetings. There is such a thing as good meetings," Shapiro said. The survey, which was conducted from February through April, found that workers spend about three hours a week booking and rescheduling meetings.
Persons: , dieter who's, That's, Covid, Henry Shapiro, Reclaim.ai, Shapiro, Ron Hetrick, Hetrick Organizations: Service, Business
What to expect in Friday’s jobs report
  + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +9 min
New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.
Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, , ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, , Labor Department Locations: New York, US
More good news for workers is bad news for the Fed
  + stars: | 2022-11-01 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
We the people can create the strongest job market in a generation and what do we get in return? Here’s the deal: The labor market is still very, very strong. And while that’s great news for workers, it’s bad news for the Fed. The “quit rate” held steady at 2.7%, or about 4.1 million workers voluntarily leaving their jobs — not a record, but still historically high. In summary: “If you were waiting for signs of labor inflation easing, you’ll have to keep waiting,” said Lightcast senior economist Ron Hetrick.
But a surprising drop in the unemployment rate and another boost in worker wages sent a clear message to markets that more giant interest rate hikes are on the way. Everybody who seems to want a job is getting a job," said Ron Hetrick, senior economist at labor force data provider Lightcast. "But we've been getting into a situation where our low unemployment rate has absolutely been a significant driver of our inflation." A series of central bank rate increases has been aimed at reducing demand and thus loosening up a labor market where there are still 1.7 open jobs for every available worker. It all makes the inflation fight look ongoing, even with a slowdown in payroll growth.
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