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

Mar 6th, 2024 | Workplace Insights

Your latest INSIGHTS & TRENDS for the Week of March 4, 2024.

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. In January, healthcare employment climbed by 70,300, above the 12-month average of 58,700. Wage growth in December 2023 was 2.9% year over year, with growth being highest in nursing and residential care, at 4% year over year, followed by ambulatory care settings at 2.9% and hospitals at 2.4%.

  2. A recent nationally representative poll by Harris indicated
    that 74% of Americans think employees should stop complaining about returning back to the office (RTO) yet 57% say that companies are not aligned with the workforce and are focusing too heavily on RTO policies.

  3. The European Union released figures last Friday that showed consumer prices across its 20 economies dropped by an annualized rate of 2.6%, which was a 0.2% slower rise than January and down from its 11.6% high in October of 2022.

  4. The US labor market is slowly stabilizing as job openings decrease and resignations decline. Powell mentioned that the Fed anticipates initiating interest rate cuts this year, but emphasized the uncertain economic landscape and the unpredictable progress towards achieving our 2% inflation target.

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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