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The Rise, But Not Fall, of Remote Work
Remote interest remains high, yet remote postings are decreasing
In this week’s newsletter:
🌴 Remote Work Interest and Availability at Odds
📈 Notable Headlines
🛠️ Job Seeker Tools
“Regardless of whether you’re a fan of remote work or not, the Pandora’s Box has been opened and there’s no closing it now.”
🌴 Remote Work Interest and Availability at Odds
Remote interest stabilizes near all-time high
Three years post the onset of COVID-19, remote work continues to be significant in the US job market. Despite a recent decrease in flexible work postings, job seekers still actively pursue remote/hybrid roles.
Remote postings falling over the past year
Although the enthusiasm of job seekers for remote positions seems to have stabilized, the percentage of job advertisements promoting remote or hybrid work alternatives has decreased over the past year, dropping from a high of 10.3% on February 26, 2022, to 8.4% as of May 31, 2023. Nonetheless, this may not necessarily imply a shift in employers' attitudes towards remote work. The most significant slowdowns in hiring are likely impacting the types of jobs available, which could be a contributing factor.
Where is remote work on the rise?
Despite an overall decline in remote job postings, a closer examination shows that remote work is expanding in more sectors than it is receding. From May 2022 to 2023, remote jobs increased in 33 out of 55 analyzed categories, which account for nearly half of the job market. Civil Engineering saw the most significant increase, with remote roles jumping from 16.9% to 22.1%. Other sectors with rapidly growing remote opportunities include Social Science, Chemical Engineering, and Banking & Finance.
📈 Notable Headlines:
U.S. H1-B Visa Holders Targeted By Canada’s New Immigration Program - Fortune
Canada has launched a new immigration program aimed at attracting high-skilled workers, including US H1-B visa holders, by offering them better long-term prospects and security than what is currently available in the United States.
Portugal just launched a ‘government-funded’ 4-day workweek trial - CNBC
“Portugal has launched a six-month pilot program for a four-day workweek, with the government providing funding for 39 private-sector businesses participating in the trial.”
72% of U.S. workers experience job regret - VentureBeat
“According to a recent survey, 72% of job seekers who started a new job experienced "shift shock" and regretted their decision.”
🎧 Listen While You Read
🛠️ Job Seeker Tools
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A WARN (Worker Adjustment and Retraining Notification) notice is a notice required by the federal WARN Act in the United States, which mandates that employers with 100 or more employees provide at least 60 days advance written notice of a plant closing or mass layoff affecting 50 or more employees.
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