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Economist Survey Shows Probability Of Recession Is Approaching 50%

Allwork

Economists are increasingly confident about the likelihood of a recession in the next 12 months according to a new Bloomberg survey. . The monthly survey conducted over the past week shows that the probability of an economic downturn rose to 47.5% seen in last month’s survey. . from the 30% odds seen in June. .

2022 204
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Remote Work Has Led To A 15.1% Increase In Housing Prices

Allwork

But one often overlooked impact of this work arrangement has been the rise in housing prices across the US. . growth in housing prices between 2019 and November 2021 according to a new paper released by the National Bureau of Economic Research (NBER). . Increase In Housing Prices appeared first on Allwork.Space.

2019 269
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According to T. Rowe Price, Gig Economy Workers Pay More Attention To Their Money

Small Business Labs

Rowe Price study  Financial Attitudes & Behaviors Toward the Gig Economy found that "participation in the gig economy makes workers more financially accountable"   As the study chart below shows (click to enlarge), 78% of the surveyed gig workers said they are more involved in their finances due to gig work.

Finance 174
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Digital nomads are starting to price out local communities around the world

Workplace Insight

The same survey also suggests that up to 72 million “armchair nomads”, again, only in the US, are considering becoming nomadic. Through interviews and ethnographic fieldwork, I have found that the rise of professional short-term-let landlords, in particular, is helping to price local people out of their homes. To many, it is unethical.

2019 98
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Many Employees Literally Cannot Afford To Return To The Office And Employers Are Considering Picking Up The Tab

Allwork

Inflation is at a 41-year high and soaring gas prices are taking a toll across the country, with hourly workers bearing the brunt of these challenges — 81% reported that record gas prices have made it hard to pay other expenses. . The 41-year high inflation and soaring gas prices are taking a toll across the country.

2022 246
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Why The Fed Is Worried About Growing Wage Expectations

Allwork

Additionally, the New York Fed’s Microeconomic SCE Labor Market Survey revealed that the average annual salary expectation grew from $60,310 in July to $61,187 last month — an unsurprising trend given the nature of today’s economic standing and predictions about a future recession. .

Salary 243
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Labor Shortages and Inflation Fueling Small Business Pessimism

Allwork

What’s going on: According to a survey by the National Federation of Independent Business (NFIB), small business optimism has reached its lowest point since March 2021, according to Furniture Today. Another significant concern is inflation , which is prompting businesses to raise their selling prices — especially in the retail sector.

2021 194