Although inflation has cooled off over the last two months, falling from a historic high of 9.1% of year-over-year growth in June to 8.5% in July, prices remain high, Konkel said. And Census data shows 40% of U.S. adults said it was somewhat or very difficult to cover the usual household expenses.
Data from the Paychex IHS Market Small Business Employment Watch found wage increases saw a boost over the previous month, growing at 5.18% compared to 5.03% in July 2022. The wage growth came even as its Small Business Jobs index dropped below 100, the first time it has done so since September 2021., Paychex CEO. “We’re seeing a continuation of last month’s trends, which showed that the issue was not a lack of job openings but of candidates looking for new roles.
And jobseekers agree inflation has pushed them to switch up jobs or think about changing careers. About 80% of those surveyed by FlexJobs found inflation is impacting their career decisions. About one-third of workers said it's a huge factor, while 46% said it was a factor or a small factor. Overall, workers were confident they could find new jobs, with 45% saying they were somewhat confident, 26% saying they were very confident and 12% saying they were extremely confident.
"It's understandable inflation pressure and recession fears are growing concerns for the majority of today's workers," said
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »