More than a third of Americans worked from home on an average day in 2022
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With the pandemic long behind us, evidence continues to mount that working from home will be a lasting feature of the American economy.
Why it matters: It's hard to overstate the importance of the fact that more than one-third of American workers aren't schlepping into the workplace each day.
- Newly vacant office space, surging demand for housing, and massive shifts in consumption patterns — suppressing spending, for example, at the businesses that cater to office districts — are just a few of the big economic changes that can be traced to the WFH revolution.
The latest: The Bureau of Labor Statistics' annual survey on Americans' time use provides some of the most authoritative readings on the trend, showing that nearly 35% of American workers worked from home on an average day last year, up from just 22% a decade earlier.
- Yes, but: Peak work-from-home — nearly 40% in 2021 — may be behind us.
Between the lines: The work-from-home trend is far more pronounced among those with college degrees, of whom about 54% work from home on an average day, according to BLS.
