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The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.
Why it matters: It came as the economy made strides toward further reopening, vaccinations rolled out and government stimulus bolstered spending. But supply crunches held the pace of growth back.
Forget the home office — 45% of American teleworkers regularly work from a couch, 38% regularly work from bed and 20% often work outside, according to a study by the home improvement marketing firm CraftJack.
Why it matters: Home offices are a luxury.
The Federal Reserve said Wednesday that the economy has made progress, but reiterated its commitment to keep monetary policy loose and stimulative.
Why it matters: The rapid economic recovery has caused the prices for some goods and services to jump, causing measures like the core PCE price index to rise above the Fed’s target for an average of 2%.
American workers are increasingly optimistic about their options.
Why it matters: Employers are scrambling to find workers as demand for goods and services has been booming.
Jobs have always taken people to new cities, states or even countries — ending millions of relationships, or turning them into long distance ones. Telework may be a fix.
Why it matters: Often we made personal relationships remote to prioritize in-person work. Now work could become the part of life that's remote, allowing relationships to get that valuable in-person investment instead.
A startup is offering an internal marketplace tool for companies to better identify and cultivate talent among their own workers.
They're marketing Water Street Tampa's new Thousand & One as the city’s first anticipated WELL Core- and Shell-certified office building and first trophy office tower in nearly 30 years.
Why it matters: The developers hope wellness — like, actual physical and mental health — will be a giant draw in a post-COVID work culture.
Postings for digitally enabled jobs of the future are recovering from a sharp dip during the pandemic, but they still lag behind postings for conventional jobs as companies desperately try to rebuild their workforces.
The big picture: The pandemic hit the labor pool hard across the board, but jobs previously poised to grow in the future lost even more ground as companies retrenched.
Workers are still stalling the job search, and employers — from health care providers to trucking companies — are getting desperate.
Staggering stat: The share of job postings that use words like "hiring urgently" has spiked over 50% since the start of 2021, according to data from the jobs site Indeed.
As CEO of a firm that advises thousands of the biggest U.S. companies, Joe Ucuzoglu knows all about the Great Resignation.
What he's saying: "'The Great Resignation' is really an appropriate descriptor," he says, attributing the phenomenon in part to the very real pent-up demand to change jobs — or even careers — that’s been simmering over the last year.