90% of Companies Want Their Employees Return to Office

228,000 

The U.S. Labor Department reported that the initial jobless claims 228,000 filed for the week ending August 26 decreased by 4,000 compared to the previous week, reaching a total of   232,000 claims. The largest increases in initial claims were in Hawaii (3,553), South Carolina (113), Vermont (105), New Mexico (62), Idaho (51) and decreased in Ohio (5,905), Illinois (1,266), New Jersey (1,182), Virginia (1,149), and California (1,083). 

187,000 

As per the Labor Department, in August Employers added 187,000 jobs while the job wages rose to 4.3%. The unemployment rate increased to 3.8% which is up from 3.5% in July, indicating more Americans seeking work. In the last month employers in transportation and warehousing cut staff. 

$55,000 

Here comes a new Biden administration rule which states that the workers would be eligible for half pay if they log more than 40 hours a week and the workers who earn $55,000 a year or less would be eligible for overtime. This rule is applicable for more than 3.6 million more workers as per the Labor Department. 

90% 

A report from Resume Builder states that 90% of companies want their employees return to office by the end of 2024. The companies currently track their employees to ensure in-person attendance, and 28% say that the organizations would pressurize the employees to lay off who don’t follow new in-person mandates. 

20% 

In 2023, the first half of the year, the labor market slowed down and more applications came in for less jobs and voluntary turnover declined by 20% compared to the prior year. There was a 20% slowdown during Q2 was stronger than the 10% drop observed during the Q1.