Despite the loss of 268,000 government jobs due to the dismissal of 2020 Census contract workers, the October 2020 Economic Report shows 638,000 jobs added to the U.S. economy. These job gains are strong but weak in comparison to August (1.4 million), July (1.8 million), June (4.8 million), and May (2.5 million). After 6 months of declining, the unemployment rate at 6.9% is still about twice its February level at 3.5%.
Between the pandemic, the election, injustices, riots, fires, hurricanes, homeschooling, and Zoom calls, there’s a lot of stress going around. A recent poll by the Kaiser Family Foundation shows that nearly half (53%) of Americans report that the pandemic is having a serious impact on their mental health. Kaiser also reported additional negative behavioral effects, such as difficulty sleeping (36%) and eating (32%), increases in excessive alcohol consumption or substance abuse (12%), and worsening chronic conditions (12%).
As a manager, it’s important to be up to speed with your employees’ stress levels. Here are some of the signs of stress to watch for. Pay close attention when you are interacting with your team members for any signals that stress is affecting their work-life negatively.
For information on how to deal with your employees’ stress read more here.
If you’re unable to view our October 2020 Economic Report or would like additional information, read below:
Note: Data below represents changes from different months.
The information for this report was developed using data from the U.S. Bureau of Labor Statistics, U.S. Census Bureau, Yahoo Finance, and FedPrimeRate.com.
In the dynamic landscape of manufacturing, the year 2024 marks a significant leap forward, driven by advancements in Artificial Intelligence (AI) and automation.
The assembly line is a critical segment of the manufacturing process where the real action takes place.
Today’s business landscape requires an increasing emphasis on sophisticated designs and advanced systems. Businesses are always on
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In the dynamic landscape of manufacturing, the year 2024 marks a significant leap forward, driven by advancements in Artificial Intelligence (AI) and automation.
The assembly line is a critical segment of the manufacturing process where the real action takes place.
Today’s business landscape requires an increasing emphasis on sophisticated designs and advanced systems. Businesses are always on