Workforce

In preparation for this transition, CEO Steve Squeri said that AmEx will be upgrading its offices to incorporate technology that supports a distributed workforce.

The Labor Department’s Bureau of Labor Statistics report for February brings the US employment rate closer to levels seen prior to the pandemic.

Childcare costs have soared to 31% of the average income for women, meaning it is cheaper for mothers to handle this role on their own rather than reenter the workforce. 

New York Governor Kathy Hochul says that the pandemic has caused five-day work weeks to lose relevancy, but employees should still come into the office a few days a week.

Office reentry for these workers will depend on the state of the pandemic and whether it is safe for this population to return to the workplace.

While companies have taken various approaches to create a workplace that professionals want to come into, four-day work weeks have grown in popularity in recent years.

President Biden said the country has the tools and a 75% full vaccination rate that can help encourage people back into the office without fear of contracting Covid-19.

A new report shines light on organizations focused on supporting Black talent by offering technology training and are Black-led or founded by Black professionals.

A LinkedIn survey of over 1,000 Black entrepreneurs in the US showed that about half of respondents said flexible working has encouraged them to pursue business ventures.

While New York City Mayor Eric Adams seemingly accepts that “there’s new ways people are doing business,” his message remains clear: remote work is hurting the city.