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Job experts predict omicron will trigger 2 more waves of resignations soon, leading to inflation

San Francisco (KGO)-Friday’s employment report shows that the country’s economy has made a volatile start in 2022. The unemployment rate fell slightly to 3.9%, but employment growth was lower than expected. Now there are signs that Omicron is about to create a new wave of workers quitting their jobs.

Related: Mass Retirement: Young Adults Leaving Low-Wage Jobs for a Better Career, Future

If restaurants and retailers now think that staff shortages are terrible, labor analysts say they’re trying to create two waves of so-called “mass layoffs” rather than one COVID.

Dr. Russell Hancock, President and Chief Executive Officer of Joint Venture Silicon Valley, said:

According to a recent survey, two in three workers are thinking of retiring. With the vacation over and some receiving year-end bonuses, a new wave of resignation is expected. The second wave continues as companies carry out a return to office policy, postponed by the Omicron surge.

video: How to make a “great resignation” work for you and your career

“You can’t make 100 percent of your people happy, that’s what we’re looking at in the data, so I’m an individual in perfect agreement with the path they chose for their employer. “No,” said Kathryn Minsheu, CEO of Muse.

The Muse Advise job seekers. As more jobs are available, employers are revising their employment requirements to fill them.

“What do you know? If you have basic skills and a desire to learn, come in, and we will train you,” Minshu said. Told.

It opens the door to service workers who may not have skills in other areas. Despite the risk of quitting work, worker demand is also raising wages.

Related: Americans quit their jobs at a record pace in August

“Forks will make higher demands at the negotiating table,” said Hancock, a joint venture. “We need to adjust our living expenses. Of course, they are always passed on to consumers and customers, so we are in a spiral.”

It can lead to higher prices and inflation for everyone.

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Job experts predict omicron will trigger 2 more waves of resignations soon, leading to inflation Source link Job experts predict omicron will trigger 2 more waves of resignations soon, leading to inflation

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