‘Employers hold the cards now’ as power shifts in US jobs market

Businesses are making lay-offs, forcing staff back to offices and offering smaller wage increases

Financial Times
©The Financial Times Limited 2020 Feb 8, 2024 / 11:31 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
‘Employers hold the cards now’ as power shifts in US jobs market

The number of Americans working part-time jobs and multiple jobs is also increasing. (Representative image)

Taylor Nicole Rogers in New York and Claire Jones in Washington Headline figures pointing to a booming US job market are masking a shift in the balance of power from employee to employer, with companies becoming more demanding of their staff as they find it easier to replace them. US employers are laying off staff, forcing remote workers back into the office and becoming pickier with their hiring decisions, even as the economy continues to add jobs at a breakneck pace. Non-farm...