Latest news with #TheConferenceBoard
Yahoo
6 hours ago
- Business
- Yahoo
This week in 5 numbers: Nearly 2 in 3 workers plan to seek a second job
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. The majority of U.S. employers plan to change their benefits strategy in the next three years, and most say rising costs are behind the shift. Here's a look at those numbers and some of the others making headlines in the HR world. By the numbers 4 The number of years that passed before a former employee of financial advisor Dave Ramsey's company, The Lampo Group, was told she could proceed with religious discrimination claims against the firm, according to a U.S. District Court for the Middle District of Tennessee ruling. The case previously was dismissed by a federal judge. 5.7 The number of percentage points overall workers' job satisfaction increased — the greatest single-year gain recorded — in 2025, according to a report from The Conference Board. 46% The percentage of employees who say their boss only somewhat or rarely understands what they contribute, according to a report from The Predictive Index. 64% The percentage of workers who say they're likely to get a second job or start a side hustle in the next year to prop up their income, per a report from the American Staffing Association and The Harris Poll. 90% The percentage of U.S. employers surveyed who cited rising benefit costs as the top issue influencing their benefit strategies in 2025, according to a WTW report.
Epoch Times
15 hours ago
- Business
- Epoch Times
What Kind of Jobs Can Weather the Storm of Recession?
As the economy reacts to President Donald Trump's sweeping U.S. tariffs, some Americans may be worrying about job certainty. The economy contracted by 0.2 percent in the first quarter of 2025, according to the Bureau of Economic Analysis (BEA). Moreover, the Leading Economic Index (LEI) for the United States fell by 1 percent in April 2025 to 99.4, according to the latest data from the think tank The Conference Board.
Yahoo
a day ago
- Business
- Yahoo
Job satisfaction reaches record high — but not for younger workers, survey finds
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. The job satisfaction gap between younger and older workers continues to widen, with a 15-point difference emerging in 2025, according to a June 11 report from The Conference Board. While 72.4% of workers ages 55 and older report job satisfaction, only 57.4% of workers under age 25 say the same. Although overall worker satisfaction jumped a record 5.7 percentage points, those under 25 experienced a decline — the only group to do so. 'This year's results reveal a widening generational divide in how happy workers are in their jobs,' said Allan Schweyer, principal researcher of human capital at The Conference Board. 'While mid- and later-career workers are reaping the benefits of improved leadership, manageable workloads and meaningful work, younger workers are still searching for the right culture fit. This highlights a need for more personalized strategies to engage early-career talent.' In a survey of 1,700 U.S. workers, job satisfaction experienced the largest single-year jump since the survey began in 1987 and has reached the highest point since then. Workers reported higher satisfaction across 26 of 27 areas, with declines only seen in the quality of equipment available. Notably, worker sentiment increased across five engagement areas: intent to stay, level of effort, sense of belonging, engagement and mental health. Worker morale could be increasing due to low unemployment and stable compensation growth, The Conference Board said. In addition, satisfaction appears to be rising due to hybrid flexibility, clear performance feedback and transparent career paths. For the first time in seven years, women surpassed men in overall job satisfaction. At the same time, women trailed men in 21 of 27 job satisfaction metrics, especially ones related to compensation, such as pay, bonuses and retirement benefits. The top drivers of satisfaction were 'intrinsic and culture-driven,' including interest in work, quality of leadership, workplace culture, workload and supervisor relationships, the report found. In contrast, satisfaction with compensation — such as wages, bonuses and traditional benefits — had a lower influence on overall satisfaction. While job turnover slowed in 2024, satisfaction among recent job switchers was slightly higher than those who stayed in their jobs, the report found. Workers who moved into new roles cited culture and growth opportunities, rather than compensation, as their main reasons for switching roles. Although some groups have reported higher satisfaction at work in 2025, LGBTQ+ workers have reported more discrimination and less happiness at work, according to a report from WorkL and the Center for American Progress. Overall, these workers have experienced declines in their feelings of empowerment, pride in their work, job satisfaction and worker well-being. In addition, employee feelings of respect at work have dropped to a record low, according to a Gallup survey. Managers can build respect, engagement and well-being by communicating with team members frequently and meaningfully, Gallup said. Regardless of employee satisfaction, paid time off reduces job hopping for all employees, according to research from Florida Atlanta University and Cleveland State University. Voluntary turnover dropped by 35% among those offered PTO. Recommended Reading Monster: Two-thirds of workers would quit if forced to return to the office five days a week
Fibre2Fashion
2 days ago
- Business
- Fibre2Fashion
UK LEI declines further in April; CEI edges up: The Conference Board
The Conference Board Leading Economic Index (LEI) for the United Kingdom declined by 0.4 per cent in April 2025 to 74.9 (2016=100), following a similar drop in March. Over the six-month period from October 2024 to April 2025, the LEI contracted by 1.2 per cent, a steeper fall than the 1 per cent decline seen in the prior six months, TCB said in a release. 'The UK LEI continued to slide in April, remaining on a downward trend that started in 2022. This reflected the economic uncertainty in the month, as well as higher inflation and energy costs, and worries regarding escalating trade tensions. The 6-month growth rate of the UK LEI has cooled but remained above the recession threshold,' said Allen Li, associate economist at The Conference Board. Meanwhile, the Conference Board Coincident Economic Index (CEI), which reflects current economic conditions, rose by 0.2 per cent to 108 in April after remaining flat in March. The CEI grew by 1.1 per cent over the same six-month period, slightly slower than the 1.2 per cent increase registered between April and October 2024. 'Overall, the LEI reading suggests that, after a stronger than expected first quarter, economic growth in the United Kingdom will likely moderate in the remainder of 2025. The Conference Board expects UK GDP to grow by 1.4 per cent in 2025 after 1.1 per cent in 2024,' Li added. The UK's Leading Economic Index fell 0.4 per cent to 74.9 in April 2025, extending a downward trend since 2022 amid economic uncertainty, inflation, and trade tensions. The Coincident Economic Index rose 0.2 per cent to 108. The Conference Board expects UK GDP growth to ease to 1.4 per cent in 2025, following 1.1 per cent in 2024, after a stronger-than-expected first quarter. Fibre2Fashion News Desk (HU)
Yahoo
7 days ago
- Business
- Yahoo
US consumer sentiment rises for first time this year as 'shock' of high tariffs wears off
Consumers are starting to feel better about the trajectory of the US economy as President Trump has dialed back some of his most aggressive stances on tariffs and Americans come to terms with the economic reality that tariffs are here to stay. The latest University of Michigan survey released Friday showed sentiment increased for the first time since December 2024, with the index rising to a reading of 60.5, above the 52.2 seen last month and the 53.6 expected by economists. The increase came after May recorded one of the lowest readings on record. "Consumers appear to have settled somewhat from the shock of the extremely high tariffs announced in April and the policy volatility seen in the weeks that followed," Survey of Consumers director Joanne Hsu wrote in the release. Pessimism over the inflation outlook lessened in June, as one-year inflation expectations plunged to 5.1% from the more than four-decade high of 6.6% reached in May. Long-run inflation expectations, which track expectations over the next five to 10 years, also fell, hitting 4.1% in June, down from 4.2% in May. Read more: What is consumer confidence, and why does it matter? Still, Hsu noted that consumer views of business conditions, personal finances, labor markets, stock markets, and buying conditions for big-ticket items all remain below where they were in December. "Despite this month's notable improvement, consumers remain guarded and concerned about the trajectory of the economy," Hsu said. In April, the estimated US effective tariff rate peaked around 27%, significantly higher than the 2.5% rate entering the year. But following pauses on many of Trump's "reciprocal" tariffs and a 90-day pause on duties placed on China, JPMorgan now estimates the US effective tariff rate is closer to 14%. The rise in the University of Michigan's June survey follows a similar signal from May's Consumer Confidence reading from The Conference Board. The latest index reading from The Conference Board was 98 in May, well above the 85.7 seen in April and the 87.1 economists had expected. The expectations index surged off its 13-year low seen in April, reaching 72.8 in May, far above the 55.4 in the month prior. This marked the largest month-over-month increase for that metric since May 2009. Read more: What Trump's tariffs mean for the economy and your wallet In a research published on June 6, Goldman Sachs chief US equity strategist David Kostin pointed out that so-called soft economic data, which covers data points like consumer surveys, usually hits its cycle bottom before hard economic data, like monthly readings on inflation or jobs. Kostin's work shows the S&P 500 typically will follow the soft data's return higher, even if hard economic data continues to move lower. "S&P 500 returns are currently more correlated with soft data than hard data," wrote Kostin, who projects the S&P 500 will hit 6,500 in the next 12 months. "If the recovery in soft data is sustained, it should support equity returns even as hard data weaken." Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
