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☆ The Fed still probably isn't ready to give Americans the interest rate cuts they're hoping for
▼ + stars: | 2024-03-19 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Still, the door is open for rate cuts later in the year. AdvertisementThe nation's central bank is gearing up to make its second interest rate decision of the year, and it probably won't be the relief many Americans want to see. AdvertisementStill, while Americans may not see an interest rate cut this month, they could see one later on this year. But I still think interest rate cuts of one form or the other are likely this year." A group of Democratic lawmakers are also urging Powell to develop a timeline in which Americans can expect to see rate cuts.

Persons: Jerome Powell, —, Mark Hamrick, Hamrick, Powell, there's, we've, Nick Bunker, Julia Pollak, Pollak, Congressional Progressive Caucus — Organizations: Federal, Service, Fed, Financial Services Committee, North America, Democratic, Congressional Progressive Caucus

☆ Inflation unexpectedly creeps up
▼ + stars: | 2024-03-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

CPI also increased 0.4% month over month. AdvertisementConsumer price index data released by the Bureau of Labor Statistics Tuesday showed inflation, by this measure, unexpectedly accelerated slightly in February. AdvertisementCore CPI only increased 0.4% from January to February, or matching the previous surge of 0.4%. The food index slowed from a year-over-year increase of 2.6% in January to an increase of just 2.2% in February. The energy index saw another year-over-year decline, a decline of 1.9% in February following a decline of 4.6%.

Persons: —, That's, It's, Nick Bunker Organizations: CPI, Service, Bureau of Labor Statistics, BLS, of Labor Statistics

☆ Job growth beats estimates, unemployment rate hits 2-year high
▼ + stars: | 2024-03-08 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Read previewFebruary's job growth was strong and similar to January's revised job gain. According to Friday's news release from the Bureau of Labor Statistics, the US experienced job growth of 275,000 in February. Additionally, December's job growth of 333,000 stated in the February release was updated to 290,000 in the new report. Leisure and hospitality saw large job growth in February, with an increase of 58,000. Pollak also pointed out the large job gains seen in December and January were revised downward and an increase in the unemployment rate in February.

Persons: —, Labor Julie Su, Julia Pollak, Pollak, Nick Bunker, Bunker, That's Organizations: Service, Bureau of Labor Statistics, Business, Labor, BLS, North, Labor Statistics Locations: America, North America

☆ The New Jobs Report Showed Employees Are Entering a so-so Era
▼ + stars: | 2024-02-04 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

For almost two years, many economists and observers have figured something has to give in the labor market. And then the labor market has turned around and said, "Ha, actually, no." If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago. If you have a job, you're at a relatively low risk of losing that job — despite the headlines about layoffs at some big-name companies. "If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago," Preston Mui, a senior economist at the macroeconomic policy group Employ America, said.

Persons: Nick Bunker, didn't, Guy Berger, Preston Mui, —, Heck, hasn't, It's, they're, Emily Stewart Organizations: Ferrari, Workers, Glass Institute, Companies, Business Locations: America

☆ The economy is roaring. So why do we keep hearing about layoffs?
▼ + stars: | 2024-01-31 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Los Angeles Times, eBay, and UPS are three companies that have made recent layoff announcements. Despite cuts at big household names, the nation's layoffs and discharges rate has been steadily low. AdvertisementEmployees at the Los Angeles Times, eBay , Microsoft , and UPS are some of the workers impacted by recent layoff announcements in January. That sector had a layoffs and discharges rate of 0.8% in December, which is actually a small dip from the 0.9% in November. Zhao noted that "the scale here" means that this number probably isn't really going to change because of the recent layoff announcements.

Persons: —, Nick Bunker, Bunker, Julia Pollak, ZipRecruiter's, Daniel Zhao, Glassdoor, Zhao, that's, Kory Kantenga, isn't Organizations: Los Angeles Times, eBay, UPS, Service, Microsoft, Bureau of Labor Statistics, North America, Labor, LinkedIn

☆ Americans are getting closer to an interest rate cut — but it probably won't happen in the Fed's next big decision
▼ + stars: | 2024-01-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewThe nation's central bank is gearing up to make its first big decision of 2024 — and while it likely won't be the interest rate cut many Americans are hoping for, it's set to bring them closer to that relief. The Fed hinted at how many interest rate cuts Americans can expect this year in its December Summary of Economic Projections. New labor market data out this Friday will show how employment looked at the start of 2024, and some labor market experts already think 2024 will see a cooler job market . That continuing strength in the labor market does represent a slowdown from the hot post-pandemic recovery in 2022. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the lawmakers wrote.

Persons: —, it's, Jerome Powell, Powell, Nick Bunker, would've, Greg McBride, David Kelly, Kelly, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Business, Federal, Federal Reserve, Spelman College, Labor Statistics, Fed, North America, Morgan Asset Management, Democratic Locations: Sens

Today, remote work has declined from its levels of the pandemic but is still – depending on how broadly one measures it – three to four times as prevalent as it was in 2019. And remote work tends to be dominated by higher-educated employees, with nearly 40% of those holding advanced degrees hybrid or fully remote. In early January, LinkedIn’s Global State of Remote and Hybrid Work study found that at its peak, in April of 2022, the share of job postings that offered remote work reached 20.3%. The more enduring feature of remote work is now hybrid.”There are also substantial differences within industry and among countries. “You’re moving to where the housing is cheaper.”Not that it is all rosy when it comes to remote work.

Persons: ”, Kory Kantenga, Sandra Moran, Julia Pollak, Nick Bunker, Layla O’Kane, Lightcast, Morris Davis, Andra Ghent, Jesse Gregory, ” Goldman Sachs, Boyer, Brad Case, “ That’s, Software’s Moran Organizations: LinkedIn, Workforce Software, LinkedIn’s Global, Labor Statistics, North, “, Oxford University Press, Economic Studies, Rutgers University, Andra, University of Utah, University of Wisconsin, Ivory, Google, NASA, Middleburg Communities, Green Mountain Locations: U.S, Israel, Ghent, Real Estate, Santa Ana , California, LLC.org . New York, Huntsville , Alabama, Huntsville, Glendale , Arizona, Phoenix, Arlington , Texas, Dallas, Middleburg, San Francisco, New York, Charlotte, Raleigh , North Carolina, Orlando, Jacksonville , Florida, Houston, San Antonio , Texas, Florida, Texas, Vermont, Green Mountain State, California

☆ Here’s why it may be harder to find a job online
▼ + stars: | 2024-01-20 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

But new online job posting data suggests a possible slowdown: Total job postings on online job site Indeed have fallen more than 15% compared to the start of 2023, according to data as of January 5 shared with CNN by Nick Bunker, Indeed’s economic research director for North America. Bunker said that new job postings, or those that have been on Indeed for 7 days or less, are down 13.5% year-over-year. A surplus of open roles for the past few years has made it easy for Americans to jump from job to job, gaining higher pay and perks like remote work in the process. “Software development job postings are down 44.6% from a year ago, while postings for banking and finance jobs are down 31.3%,” Bunker said. The percentage of US remote job postings on LinkedIn dropped over 9% from January 2022 to December 2023, even as interest in these jobs remains high.

Persons: Nick Bunker, Bunker, ” Bunker, LinkedIn’s, Karin Kimbrough, Kimbrough, ”, Wells, ” Wells, “ Organizations: Los Angeles CNN, CNN, North America, LinkedIn, Software, Labor, Google, Citigroup

☆ Here’s where the jobs are for December 2023 — in one chart
▼ + stars: | 2024-01-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

"After entering 2023 with a sonic boom, the US job market is headed into 2024 at a comfortable cruising speed," Bunker said. Bunker noted that just a few sectors – education and health services, government, and leisure and hospitality – accounted for more than 75% of the job growth in December. The public sector led the way last month with 52,000 jobs, overwhelmingly in local government, according to the Bureau of Labor Statistics. Job growth was strong in the sector throughout 2023, adding 55,000 positions a month on average compared with monthly gains of 46,000 in 2022. Social assistance positions rose by 21,000 in December, with jobs gains averaging 22,000 per month in 2023, slightly more than the 19,000 average monthly increase in 2022.

Persons: Bunker, Nick Bunker Organizations: North America, Bureau of Labor Statistics, Health, Employment, CNBC PRO Locations: U.S

☆ US job openings hit more than 2-1/2-year low as labor market cools
▼ + stars: | 2023-12-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Economists polled by Reuters had forecast 9.30 million job openings in October. Job openings decreased by 168,000 in the finance and insurance industry, while real estate, rental and leasing had 49,000 fewer positions. The job openings rate dropped to 5.3% from 5.6% in September. "The current state of the labor market suggests no further recalibration is necessary to bring the labor market back into balance," said Nick Bunker, director of economics research at Indeed Hiring Lab. They also described the labor market as remaining "very competitive," and "trying to get to full staff levels."

Persons: Brian Snyder, Rubeela Farooqi, Nick Bunker, Conrad DeQuadros, November's, Bill Adams, Lucia Mutikani, Chizu Organizations: Taylor Party, Equipment Rentals, REUTERS, Labor, Survey, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Brean, Institute for Supply Management, PMI, United Auto Workers, UAW, Comerica Bank, Thomson Locations: Somerville , Massachusetts, U.S, WASHINGTON, White Plains , New York, South, Midwest, New York, East, Dallas

☆ You're probably not getting a big raise this year. But don't worry, it's for the good of the economy.
▼ + stars: | 2023-11-09 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Wage growth has slowed; average hourly earnings increased 4.1% year over year in October. That measure of wage growth has steadily slid from the almost 6% year-over-year increases in March 2022 and April 2022. Even with slowing wage growth, workers may finally be seeing their earnings catch up to the big spike in inflation. Year-over-year changes from BLS show there has been real wage growth in recent months, based on average hourly earnings outpacing CPI inflation. "I think if we continue to see wage growth moderate, hopefully inflation moderates even more, and we continue to see more workers getting more inflation-adjusted raises."

Persons: —, Julia Pollak, Lydia Boussour, Jerome Powell, Pollak, Nick Bunker, Bunker Organizations: Service, of Labor Statistics, Fed, Economics, Wells, Wells Fargo Bank, BLS, North America Locations: Wells Fargo

☆ ‘In the Shadow of Fear’ Review: Partisan Rancor at Midcentury
▼ + stars: | 2023-11-06 | by ( Mike Watson | ) www.wsj.com time to read: +1 min

In 2019, Henry Kissinger warned that the U.S. and China had entered the “foothills of a cold war,” and the Sino-American relationship has only worsened since. The prospect of a new cold war has induced some historians to reexamine the old one. Nick Bunker’s “In the Shadow of Fear: America and the World in 1950” is one such reexamination. But over the ensuing 10 months, Truman’s attempt to expand on FDR’s domestic legacy fell apart, and the Democratic coalition that had dominated American politics for two decades began to break up as well. Most perplexingly to Mr. Bunker, “American politics descended into strife at a moment when in so many ways the nation had little to fear.”

Persons: Henry Kissinger, Nick Bunker’s “, ”, Bunker, Harry Truman, Truman’s Organizations: Financial Times, Labor, Democratic Locations: China, British, American

☆ Gen Z expect to change careers 3 times throughout their lives — once more than any other generation: survey
▼ + stars: | 2023-11-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Gen Z workers expect to change careers three times in their lives. It found that 73% of Gen Z are not afraid to take a pay cut to pursue a more fulfilling career. AdvertisementAdvertisementGen Z workers are known for their job-hopping tendencies, and a new survey has found that they expect to change their careers at least three times over their lifetimes. It found that Gen Z plans to switch careers at least three times over their working life, which is once more than any other generation before them. Gen Z are more likely to prioritize their wellbeing and happiness than other generations.

Persons: —, Gen, Gen Z, X, Gen X, Kristen Buckheit, Zers, Oliver Wyman, they're, Z, doesn't, Nick Bunker, Jeff Hyman, Rockstars, they've Organizations: Resource Solutions, Service, Solutions, Boomers, Federal Reserve Bank of Atlanta, North America, Indeed's, New York Times Locations: Millennials, Chicago

☆ Cooling job market no reason for panic yet, economists say: 'It's a slowdown, not a collapse'
▼ + stars: | 2023-11-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Brown | Afp | Getty ImagesThe job market continues to show signs of cooling, but alarm bells aren't ringing just yet, economists said. The unemployment rate rose to 3.9% in October, from 3.8% in September, the BLS said. "There's almost no exception in this report: Every indicator suggests a slowing, slackening labor market," she said. "The days of explosive growth are gone, as the labor market shifts into healthier and more sustainable territory," said Noah Yosif, lead labor economist at UKG, a payroll and shift management company. The rise in the unemployment rate may also just be a sign that the extremely hot labor market is loosening a bit, Bunker added.

Persons: Frederic J, Brown, Julia Pollak, Pollak, Noah Yosif, Aaron Terrazas, Terrazas, Andrew Hunter, Nick Bunker Organizations: Afp, Getty, U.S . Bureau of Labor Statistics, BLS, Workers, Finance, Union, Capital Economics Locations: Los Angeles, U.S

☆ Job growth slowed in October as the economy settled into a new normal
▼ + stars: | 2023-11-03 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe US economy added 150,000 jobs in October, based on nonfarm payroll employment growth from the Bureau of Labor Statistics or BLS. That's less than September's revised job growth of 297,000. After two straight months of an unemployment rate at 3.8%, the unemployment rate rose slightly to 3.9%. Some of the industries that saw job growth from September to October included healthcare, construction, and leisure and hospitality. "The labor market remains tight, but supply and demand conditions continue to come into better balance," Powell said.

Persons: Jerome Powell, —, payrolls, Biden, Labor Julie Su, Aaron Terrazas, Nick Bunker, that's, Bunker, might've, Terrazas, Powell Organizations: Service, Bureau of Labor Statistics, BLS, Labor, That's, North America, Gross, Bureau, Board, Conference Board

Bond yields fell, and traders of contracts tied to the Fed's policy rate now see only a 12% chance of a rate hike by January, down from 30% before the release of the employment report. Rate futures pricing now reflects a better-than-even chance of a Fed rate cut by May of 2024, with several more cuts expected later next year. U.S. central bankers themselves are not even thinking about rate cuts, Fed Chair Jerome Powell said this week after the Fed kept its benchmark overnight interest rate steady in the 5.25%-5.50% range. "Continued upward momentum would be troubling, and hopefully this recent rise levels off as the labor market recovery continues," said Indeed.com's Nick Bunker. Still for now, most of the worries about the labor market appear to be focused on what might, or might not, happen next rather than on the evidence so far.

Persons: Jerome Powell, Kevin Lamarque, nonfarm, Bond, Powell, Thomas Barkin, Barkin, Michael Feroli, Nick Bunker, Sharif, Julie Su, Ann Saphir, Shristi Achar, Tomasz Janowski, Christina Fincher, Paul Simao, Chris Reese Organizations: Federal, Committee, Federal Reserve, REUTERS, Labor Department, U.S, Fed, Reuters Graphics Reuters, Richmond Fed, CNBC, JPMorgan, Reuters Graphics, Labor, Thomson Locations: Washington , U.S

☆ Applying for too many jobs may keep you from getting hired. Avoid sending a ‘firehose of applications,’ economist warns
▼ + stars: | 2023-11-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

In this article ZIP Follow your favorite stocks CREATE FREE ACCOUNTFiladendron | E+ | Getty ImagesApplying to multiple job openings can increase your chances of landing a new gig. However, if you're thinking of sending out what one economist called a "firehose of applications" all at once and then just waiting for responses, think again. "The problem is that sometimes people take a college application approach to the job search," said Julia Pollak, chief economist at ZipRecruiter. 'Set a daily goal of a number of applications'There are more strategic ways to go about the job search and application process instead of applying to jobs on mass, according to experts. Julia Pollak chief economist at ZipRecruiter

Persons: Julia Pollak, Pollak, Nick Bunker, —, Gabrielle Davis Organizations: ZipRecruiter, Finance, Union, U.S . Department of Labor, ZipRecruiter Survey, New Locations: U.S

☆ The Fed probably won't cut interest rates just yet — but its next move is expected to be good for Americans
▼ + stars: | 2023-10-31 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

It's expected to pause interest rate hikes. On Wednesday, the Federal Open Market Committee is expected to announce its next interest rate decision, and a hike probably isn't in the cards. In September, the Fed paused interest rate hikes as it continued to receive promising data on the country's economic recovery. Powell has not indicated whether a interest rate cut will come this year to get consumers further relief. AdvertisementAdvertisementEven if interest rate cuts are not on the horizon anytime soon, administration officials are confident Americans will not face a recession as they enter 2024.

Persons: It's, —, Nick Bunker, Bunker, Jerome Powell, Powell, we've, Greg McBride, we're, McBride, Janet Yellen, Joelle Gamble, Gamble Organizations: Federal, Service, Fed, North America, New York Federal, Bloomberg, White, National Economic Council Locations: Israel, Ukraine

☆ Moderate US job growth slowdown expected in September
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains remaining elevated. Eighteen months after the Federal Reserve started raising interest rates, the labor market is only gradually easing. Labor market resilience, which is underpinning demand in the economy, raises the risk that the U.S. central bank could hike rates again by year end. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in August. Wage growth likely remained solid, with average hourly earnings forecast to have risen 0.3% after climbing 0.2% in August.

Persons: Elizabeth Frantz, Nick Bunker, Nonfarm, payrolls, Veronica Clark, Clark, Megan Way, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Labor, Federal Reserve, Citigroup, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Hollywood, Babson College, Thomson Locations: Arlington , Virginia, U.S, y WASHINGTON, Tampa , Florida, Payrolls, New York, Washington ., Wellesley , Massachusetts

☆ Job growth surged in September
▼ + stars: | 2023-10-06 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The US added 336,000 jobs in September, greater than job growth in August. "It is a sign of stability, steady growth, and we are committed to making sure that all Americans share in the growth and prosperity." Leisure and hospitality saw robust job growth in September, with a gain of 96,000. Government employment soared by 73,000, with bigger gains in local and state government roles compared to the job growth for the federal government. After an increase in the unemployment rate in August as more people entered the labor force, the unemployment rate was 3.8% again in September.

Persons: —, Labor Julie Su, Nick Bunker, Julia Pollak, ZipRecruiter, Bunker, Daniel Zhao, Karin Kimbrough, Kimbrough, there's Organizations: Workers, Service, Bureau of Labor Statistics, of Labor, Labor, North America, Leisure

WASHINGTON (AP) — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.6 million job openings in August, up from 8.9 million in July and the first uptick in three months, the Labor Department said Tuesday. ""Yes, the job market is still retaining a lot of heat,'' he said, "but it hasn't gone back on the boil.'' The Federal Reserve wants to see the red-hot U.S. job market cool off, reducing pressure on businesses to raise pay, which can feed into higher prices. The Fed chose not to raise rates at its last meeting Sept. 19-20.

Persons: Economists, —, Nick Bunker, hasn't, Jerome Powell, Dow Jones, Rubeela Farooqi, Loretta Mester, “, ” Mester, Christopher Rugaber Organizations: WASHINGTON, —, Federal Reserve, Labor Department, Federal, Fed, Federal Reserve Bank of Cleveland, AP

On Wednesday, the Federal Open Market Committee will announce whether it will raise interest rates again or implement a pause. AdvertisementAdvertisementHatzius also said at the NYU forum that "we've seen a very substantial rebalancing of the labor market." "We have seen clear evidence that inflation is moving down to the Fed's target, or strongly in the direction of the Fed's target, without a substantial deterioration in the real economy," Hatzius said. "We're entering a period where consumers are returning to an environment where they're much more dependent on the path of the labor market, on the flow of income creation," Meyer said. Goldman Sachs predicted those events could stunt economic growth — and complicate the Fed's job in the months to come.

Persons: Jerome Powell, Powell, Jan Hatzius, Goldman Sachs, we've, Hatzius, Nick Bunker, it's, Bunker, Julia Pollak, Pollak, Michelle Meyer, Meyer Organizations: Service, Federal, Economic, North America, Bureau of Labor Statistics, NYU, Jackson, Mastercard, Politico, of Labor Statistics, Fed Locations: Wall, Silicon

☆ What the August jobs report means for the Fed
▼ + stars: | 2023-09-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —The long-robust US job market is continuing to cool, according to several economic indicators released this week. It’s clear the labor market has cooledThere are plenty of signs that the job market has continued to weaken and that momentum is largely expected to continue in the months ahead. The August jobs report showed that average hourly earnings grew at a monthly pace of just 0.2%, or 4.3% annually. “Pretty much everything in the labor market has cooled back to the pre-pandemic temperature,” Julia Pollak, chief economist at ZipRecruiter, told CNN. It’s also possible the job market holds steady if recession fears continue to fade, allowing businesses to address stubborn staffing shortages.

Persons: Jerome Powell, Powell, “, ”, Steve Wyett, ” Julia Pollak, we’ve, Nick Bunker, ” Bunker, It’s, they’ve, ” Pollak Organizations: DC CNN, Federal Reserve, Kansas City, Labor, BOK Financial, Fed, of Labor Statistics, Labor Department, CNN, Commerce Department, US, Banks Locations: Washington, Jackson Hole , Wyoming

☆ The US jobs market stayed strong in August
▼ + stars: | 2023-09-01 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Truck transportation also saw employment fall by 36,700.Leisure and hospitality saw a job gain of 40,000 from July to August. From wage growth to an increase in labor force participation, various data points suggest the US labor market is still strong. There were 8.8 million job openings in July after 9.2 million in June, according to new Job Openings and Labor Turnover Survey or JOLTS data released by BLS earlier this week. "We expect this labor market rebalancing to continue," Powell said. "Evidence that the tightness in the labor market is no longer easing could also call for a monetary policy response."

Persons: Jerome Powell, Lydia Boussour, EY, Boussour, Nick Bunker, Bunker, it's, Julia Pollak, Pollak, Jonathan Fisher, Fisher, Powell Organizations: payrolls, Service, SAG, Bureau of Labor Statistics, Labor, BLS, North America, Washington Center for Equitable Growth Locations: Wall, Silicon, Jackson Hole , Wyoming

☆ Amid a return-to-office push, it's still possible for workers to get flexible schedules. 'Think about it like a salary negotiation,' expert says
▼ + stars: | 2023-08-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Most workers are hoping that flexible Covid-era work policies will stay in place. A new survey from Bankrate found 89% of full-time workers, or those looking for full-time work, are in favor of remote and hybrid work or four-day work weeks. The results of the survey, which was fielded in July, come as a remote work reckoning may be brewing. Most sectors are more likely to advertise remote work than they were before the pandemic, Bunker said. But the sectors most likely to be open to remote work then are more likely to advertise those kinds of positions now, he said.

Persons: Bankrate, —, Goldman Sachs, Nick Bunker, Bunker Organizations: Finance

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