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Economists Say Remote Work Affecting Local American Economies

According to economists from Goldman Sachs (GS), office attendance in large US cities is only about one-third of pre-pandemic levels. That's a lot of employees who are still working remotely and not spending cash on items like train tickets or lattes — the kind of economic activity is essential in America's consumer spending and service-driven economy.
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Job Gains Strong, Prices Rising As U.S. Recovery Continues – Fed Beige Book

A strengthening U.S. economy was spinning off broad-based job gains through early July that were particularly strong for lower-skilled occupations, the Federal Reserve reported on Wednesday.
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Americans Are Retiring Earlier Due To Pandemic

After years in which Americans worked later in life, the latest economic disruption has driven many out of the workforce prematurely.
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U.S. Adds 850,000 Jobs in June, Better Than Expected

Wages were up 0.3% for the month and 3.6% year over year, both in line with expectations.
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US Jobless Claims Fall to 364,000, a New Pandemic Low

The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession.
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Private Payrolls Rise by 692,000 in June, Down From Prior Month

Economists were expecting the addition of 600,000 private-sector jobs.
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Prices Are Rising So Much That Minimum Wage Workers Are Poorer Than They’ve Been in Decades

Wages are rising at their fastest rate since the 1980s, but it's not enough to keep up with inflation.
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US Weekly Jobless Claims Decline to Fresh Pandemic Low

The US economy is reopening, but pent-up demand is running up against supply constraints that threaten to slow recovery.
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Oklahoma to End Federal Pandemic-Related Unemployment Benefits, to Offer $1,200 Workforce Incentive

Governor Stitt said he will issue an executive order to create a $1,200 incentive for Oklahomans who get off unemployment and go back to work, and that federal benefits will end on June 26.
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U.K. Jobs Market Gains More Than Expected as Lockdown Eases

The job outlook has improved significantly in recent months, with the government announcing plans to fully reopen the economy by June 21.
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