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Deloitte U.S. CEO: Employees don’t realize how much power they have

Joe Ucuzoglu; Photo: Deloitte

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.

The best and worst cities for remote workers

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Data: Telstra Ventures; Map: Danielle Alberti/Axios

Businesses based in Columbus, Ohio, are the most friendly to fully remote positions, followed by San Diego, Phoenix, St. Louis and San Francisco.

Why it matters: Even as many employees hope to continue to work remotely after offices reopen, not all businesses are on board.

Selling cities: The rise of municipal marketing

Illustration: Shoshana Gordon/Axios

Chicago touts a diverse workforce. Morgantown, West Virginia, promises outdoor activities galore. Savannah, Georgia, advertises its historic charm. Indianapolis is proud of its small-town feel.

Why it matters: The post-pandemic workforce reshuffling has given cities and towns a new opportunity — and a new mandate — to market themselves with glitzy ad campaigns and worker recruiting trips, putting a new spin on the conventional municipal economic development playbook.

Poll: How short-on-staff business picks up the slack

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Adapted from a U.S. Chamber of Commerce report; Chart: Axios Visuals

Small business owners who can't find workers are stepping into the unfilled roles themselves — and asking existing staff to take on more hours — to meet demand, per a new survey by the U.S. Chamber of Commerce and MetLife.

Poll: 1.8 million Americans have turned down jobs due to unemployment benefits

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Data: Morning Consult; Chart: Will Chase/Axios

About 1.8 million out-of-work Americans have turned down jobs because of the generosity of unemployment insurance benefits, according to Morning Consult poll results released Wednesday.

Why it matters: U.S. businesses have been wrestling with labor supply shortages as folks capable of working have opted not to work for a variety of reasons.

Jul 13, 2021 - Economy & Business

Younger employees fear being left behind by remote work

Illustration: Sarah Grillo/Axios

The post-pandemic working world is rapidly normalizing remote work — but the next generation of workers is wary of the change.

What's happening: Transitioning to remote work is far easier for veteran employees who have already developed social capital in the workplace and know how a company operates. Freshly minted members of the workforce stand to miss out on those valuable skills and opportunities if they can't come back to the office.

Leisure and hospitality workers quit at a record pace

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Data: Bureau of Labor Statistics; Chart: Axios Visuals

Americans working in leisure and hospitality are quitting their jobs at a record pace.

Why it matters: Labor shortages have been affecting numerous industries. But it's been particularly acute in leisure and hospitality as increasingly vaccinated consumers take their delayed vacations and rush back to restaurants, bars and live events.

Exclusive: Union flexes muscle for internet funding

Illustration: Aïda Amer/Axios

The union workers who build the nation's internet networks have a huge stake in how Congress decides to divvy up infrastructure funding— and they want strings attached to make sure they're not left on the sidelines.

Why it matters: The telecom workers' union sees an ally in President Joe Biden for its pressure campaign to ensure union members will play a role in infrastructure-funded jobs.

Layoffs hit all-time low

Florida residents attend a job fair at the Seminole Hard Rock Casino in May. Photo: Octavio Jones/Getty Images

Never have so few people been let go by employers, according to closely watched jobs data out Wednesday. Put another way: Companies are holding onto staff for dear life.

Why it matters: It's another sign of the American worker's newfound leverage, ushered in by businesses' desperation for workers to meet the demand of the economic snapback.

Biden to sign executive order curtailing noncompete clauses

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.