US Labor Market Roundup: August Jobs Report and the Delayed Wage Crunch
September 17 | Indications Podcast | Comments (0)
We react to the August jobs report and then discuss compensation trends and why the wage crunch might be delayed. Since the outbreak of COVID-19, organizations have taken several workforce cost reduction measures, including cutting wages and salaries. In addition, with revenues under pressure and many people out of work, employers are entering a new era where wage growth may hit a historical low.
US Labor Market Roundup: July Jobs Report and the Rise of Telework after COVID-19
August 19 | Indications Podcast | Comments (0)
We discuss the July jobs report and the monumental shift to remote work due to COVID-19. Teleworking rates are likely to remain above pre-pandemic rates, with major workforce and real estate implications. Yet even in companies that have proven that remote work “works,” leaders continue to struggle with how to lead collaborative teams remotely. Further, as increased telework shifts consumer spending away from city centers, businesses with a large footprint in city centers will be hardest hit.
Fear of Job Losses Drives Down Consumer Confidence in Q2
August 18 | Indications Podcast | Comments (0)
Margaret Murphy, Digital Media Programme Manager at the Conference Board, interviews our resident Senior Economist for Europe, Ilaria Maselli about the consumer confidence results in Europe for Q2.
The economy is struggling to keep up with the rise in coronavirus cases
July 27 | Agron Nicaj, Associate Economist, The Conference Board | Gad Levanon, PhD, Vice President, Labor Markets, The Conference Board | Comments (0)
After weeks of growth following the phased opening of businesses, the US economy is showing signs of slowing down. Many states are experiencing an increase in the number of COVID-19 cases and some have recently reimplemented restrictions, that had been lifted in May-June.
US Labor Market Roundup: June Jobs Report and Impact of COVID-19 on Workers and Households
July 16 | Indications Podcast | Comments (0)
We discuss the June jobs report and address the impact of COVID-19 on US workers and households. For many, their economic situation has done a complete 180 since the emergence of the virus. Previously, unemployment rates were at record lows and wages were accelerating, especially for blacks, Hispanics, and lower educated workers. This led to a reduction in poverty rates and wage inequality. But the COVID-19 crisis is hitting vulnerable populations hard and can lead to reversal of these trends.
What types of jobs will experience a large permanent increase in remote working?
July 13 | Gad Levanon, PhD, Vice President, Labor Markets, The Conference Board | Agron Nicaj, Associate Economist, The Conference Board | Comments (0)
There is a growing consensus that the share of remote workers will remain well above pre-pandemic rates. But in what types of jobs is this most likely to happen? We project a large increase in remote-working rates for clerical and administrative office jobs, a labor market segment which had relatively low remote-work rates in the pre-pandemic era.