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Workplace Insights: What's Hot, What's Not

Nov 2nd, 2023 | Workplace Insights

Your latest INSIGHTS & TRENDS for the Week of October 30, 2023

There are so many current headlines surrounding the workplace, it's hard to keep up. To make this as easy as possible for you, Workplace Insights: What's Hot, What's Not, will provide you with the latest updates that may impact your organization as it relates to market trends and current industry insights.

  1. Thanks in part to remote work brought on by the pandemic, the number of working mothers is at an all-time high. Since the 1970s the number of women in the workplace has skyrocketed to over 77% in the 1990s, brought in part by changes in welfare and the earned-income tax credit programs.
  2. Inflation ticked up by 0.3% in September, boosted by an
    increase in consumer spending. The core Personal Consumer Expenditure (PCE) index – a key inflation measure that is closely monitored by the Federal Reserve – increased by 0.3% in September.
  3. According to an economist, inundating potential employers with an excessive number of job applications could hinder your chances of being hired. It is advised to steer clear of sending a deluge of applications, as this may have a negative impact on your prospects.
  4. According to a recent report, the majority of Americans, precisely 62%, continue to live from one paycheck to another, highlighting the prevalence of this as the dominant financial way of life.

We hope you are benefiting from this resource. If you have anything you would like to add or specific questions, please drop us a line.

This information is provided for informational purposes only and should not be taken as legal advice. The O’Connor Group makes no representations as to the completeness, suitability, or validity of any information contained herein and will not be liable for any errors or omissions.

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