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.
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.
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