More than half a million workers took time away from work to care for their children in October as more companies extend parental leave as a benefit to attract and retain talent in the wake of the COVID-19 pandemic.About 600,000 U.S. employees stopped working in October, staying home instead as part of their maternity or paternity leave, data from the Bureau of Labor Statistics showed Friday, the highest monthly figure since the agency began recording the trend in 1993.
have offered paid maternity leave, with 32 percent also providing paid paternity leave, a 5 percent jump for each perk from the previous year, according to a report by The Society for Human Resource Management.Swonk said lack of child care has made such benefits, for women especially, crucial for people to stay working.
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Stock Market Today: Stocks extend gains as investors see end to Fed rate hikesMarkets are convinced the Fed has ended its historic tightening cycle, with the biggest bets now focused on a rate cut in June.
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