Majority of U.S. Workers Considering New Jobs Due to Inflation
U.S. jobless claims haven’t been this low since September 1968 – for the week ending April 2, initial jobless claims fell to 166,000 (a decrease of 5,000). Over half (66%) of workers in the U.S. are considering a job change in order to keep up with inflation. Requests to work remotely are increasing as gas prices skyrocket – a quarter of those thinking about looking for a new job also plan on ensuring that role allows working from home. Workers already working from home (24%) are planning on continuing to do so until gas prices decrease. A whopping 75% of workers feel that employers should increase pay rates during economic inflation. A mild recession has been forecasted, beginning late 2023. “It is now clear that price stability … is likely to only be achieved through a restrictive monetary policy stance that meaningfully dents demand,” Deutsche Bank economists wrote, according to CNN. Although concerns are rampant, [...]