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Does Working from Home Boost Productivity Growth?

Does Working from Home Boost Productivity Growth?
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San-francisco , California , United-states , China , New-york , National-bureau-of-economic-research , Jackson-hole , Chinese , American , Emma-harrington , Ethan-goode , Adam-blandin

Job changing considered - NH Business Review

The time is ripe to consider a switch, but there can be pitfalls

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U.S. worker productivity down to levels seen in 1947

After a huge burst in productivity growth at the beginning of the pandemic, productivity among U.S. workers in the non-farming sector took its deepest plunge in 48 years this year.

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Pandemic May Have Worsened Trends Towards Sluggish US Labour Supply

The US labour markets are even more constrained than the current 3.5 per cent unemployment rate indicates, according to new economic research that argues declines in the number of hours employees want to work were reinforced by the pandemic and are set to continue, , united states, labour force

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Pandemic may have worsened trends towards sluggish U.S. labor supply

By Howard Schneider and Ann Saphir JACKSON, Wyo. (Reuters) - U.S. labor markets are even more constrained than the current 3.5% unemployment rate indi...

New-york , United-states , Jackson-hole , Wyoming , Chicago , Illinois , Paul-simao , Alexander-bick , Jason-faberman , Ann-saphir , Howard-schneider , Vanderbilt-university-adam-blandin

Pandemic May Have Worsened Trends Towards Sluggish U.S. Labor Supply

U.S. labor markets are even more constrained than the current 3.5% unemployment rate indicates, according to new economic research that argues declines in the number of hours employees want to work

New-york , United-states , Jackson-hole , Wyoming , Chicago , Illinois , Alexander-bick , Jason-faberman , Google , Vanderbilt-university-adam-blandin , Goethe-university-frankfurt-nicola-fuchs-schundeln , Kansas-city-federal-reserve

Pandemic may have worsened trends towards sluggish U.S. labor supply

By Howard Schneider and Ann Saphir JACKSON, Wyo. (Reuters) - U.S. labor markets are even more constrained than the current 3.5% unemployment rate indi...

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Patrick Hill: Job Churn Creates Massive Economic Uncertainty – Investment Watch

Job Churn Creates Massive Economic Uncertainty
“Shocks in the initial months of the pandemic may have permanently destroyed a large share of employer-worker matches, many of which may have been highly productive,” Because highly productive matches are costly to find, the economic disruption induced by Covid-19 may have induced persistent reductions in productivity and employment.”
Alexander Bick – Arizona State University & Adam Blandin – Virginia Commonwealth University
The pandemic triggered a shock to both supply and demand in the economy. Management had no choice when lockdowns spread across the country but to lay off workers and ask those still working to work from home. As a result, millions of workers were either permanently or temporally laid off. Laid-off workers reflected on the job they lost and whether they wanted to return to the same position even if it offered again. While working from home, information services employees had time to evaluate their job demands versus time invested in their personal life and family. In addition, management evaluated their dependency on workers leading to record levels of investment in automation systems. Thus, the pandemic triggered an in-depth evaluation by all workers into what their job meant to them.

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RVA restaurant of 19 years cuts hours amid worker shortage: 'It's unbelievable'

RVA restaurant of 19 years cuts hours amid worker shortage: 'It's unbelievable'
On Wednesday, the Virginia Workforce Connection showed more than 544,000 jobs available in Virginia.
and last updated 2021-05-27 10:09:47-04
RICHMOND, Va. -- For over 19 years, Family Secrets Restaurant Owner, Reginald Littleton has served up fresh plates for Richmonders. However, the once lively restaurant now keeps its doors closed, sticking strictly to catering and take-out, just the latest casualty in a state and nationwide worker shortage.
"Most of the time weâve got more and more people looking for jobs. Now we got more and more jobs looking for people," said Littleton.

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One in three U.S. workers changed or lost jobs in last year

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Millions of workers who lost their jobs in the spring of 2020 were back at work in March this year, and the paper implies that the recovery is largely due to people finding new jobs, rather returning to their old employers.
“Shocks in the initial months of the pandemic may have permanently destroyed a large share of employer-worker matches, many of which may have been highly productive,” the authors wrote. “Because highly productive matches are costly to find, the economic disruption induced by COVID-19 may have induced persistent reductions in productivity and employment.”
For people who had been at their job for less than two years before the pandemic, the churn was much higher, according to the study. Almost 62% had separated from their workplaces a year later, versus about 16% for those who had been employed by the same firm for at least a decade.

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