The New Normal: What does your work future look like?
News 12's Elizabeth Hashagen was joined by Bhushan Sethi and Julia Lamm to discuss where we are in terms of work.
Census Household Pulse Survey asked respondents their main reason for not working:
• 4.9 million people said they were caring for children not in school or day care
• 2.4 million people said they were concerned about getting or spreading the coronavirus.
The US economy continued to gain momentum in October as new COVID-19 cases fell and consumer demand recovered. The Bureau of Labor Statistics employment report released Nov. 5 showed nonfarm payrolls grew by 531,000 in October. Significant upward revisions to the August and September numbers added another 235,000 jobs to the economy. This puts the three-month average at 442,000. Though lower than the job growth average of 710,000 per month in the six months before delta, this is still solid growth and reframes the story on underlying strength in the economy. Employment gains in contact-intensive service sectors such as restaurants, bars and accommodations accounted for more than 25% of October's overall job gains.
Do vaccinations for children mean a return to in-person work?
Employment in the broader leisure and hospitality sector still remains down more than 1.4 million jobs compared to the pre-COVID-19 level. When will the job market rebound?
Workers have grown accustomed to the flexibility of working from home. Companies are reassessing whether they need to rent large office spaces with so few employees coming in.