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Photo: Saul Loeb/AFP via Getty Images

President Biden is expected to issue an executive order calling on the Federal Trade Commission to adopt rules to limit the use of noncompete clauses, the White House announced Wednesday.

Why it matters: Noncompete clauses "force workers to sign away their right to take jobs in similar fields, often for months after leaving a job. These are increasing income inequality and helping hold down Americans' wage," analysts say.

What they're saying: "[R]oughly half of private sector businesses require at least some employees to enter noncompete agreements, affecting over 30 million people. This affects construction workers, hotel workers, many blue-collar jobs, not just high-level executives," White House press secretary Jen Psaki said during a press gaggle.

  • "[President Biden] believes that if someone offers you a better job, you should be able to take it. It makes sense," she added.

Psaki noted that the executive order will also attempt to limit "unnecessary occupational licensing requirements." She said that nearly 30% of jobs in the U.S. require a license, and while they can be important for health and safety concerns, "overly burdensome licensing can lock people out of jobs."

Go deeper: Workers locked down with noncompetes

Go deeper

Almost 15% of high-paying job listings are now remote

Reproduced from Ladders Inc.; Note: Data includes jobs with annual salaries of $80,000 or more; Chart: Axios Visuals

More and more jobs that can be done from your bedroom are showing up on the high-paying end of the help-wanted spectrum, according to research by Ladders Inc., a job search site.

Why it matters: There's the potential for greater work-life balance for executives and others in the high-earning realm — and there's more hope of the same for people who aspire to that echelon.

Kate Marino, author of Markets
Oct 13, 2021 - Economy & Business

Record number of U.S. workers quit their jobs in August

New government jobs data released Tuesday helps paint a clearer picture of the impact the Delta variant had on the stalled jobs recovery in August. In a nutshell, more people quit their jobs, and companies pulled back on job openings.

Why it matters: The number of new jobs created in August (366,000) was a stark slowdown from July’s 1 million — and a reality check for investors and economists.

Nashville's war for talent

Illustration: Allie Carl/Axios

Nashville is looking to hire plumbers, nurses, correctional officers and more as multiple city agencies scramble to keep their rosters full.

Why it matters: Many of the jobs Nashville leaders are looking to fill are central to key city services.