Thursday, September 19

About 70% of people in the US are looking for a second job to fight inflation

Julio Guzmán

The vertiginous inflation in the United States has pushed close to 70 % of people are looking for an additional job to be able to cover their expenses and basic needs, as shown by a survey by the workforce platform Bluecrew.

The research work, applied to more than 1, 04 part-time workers , complete and unemployed, showed that 85% of people said they have changed their habits expense due to price increases.

The 72% of those surveyed said that the inflationary context has changed their perception of their work and the 57% of them sought new or additional roles in the last year.

“Rapid inflation is forcing people to look not only at how they spend their di nero, but also how they earn it”, said Matt Laurinas, director of customer service for the platform.

Laurinas said that, in many cases , people who are looking for work already register 40 hours a week. They are taking extra shifts or temporary jobs on nights or weekends.

High inflation and economic concerns may be driving a rebound in labor force participation rates and the number of hours people want to work, which fell during the pandemic, according to a report by The Wall Street Journal.

Data from the St. Louis Federal Reserve show that nearly 5% of Americans have multiple jobs, including 150,000 people with two full-time jobs.

This takes place in the midst of galloping inflation in the country, which in August reached 8.3% year-over-year after reaching 8.5% in July, 9.1% in June, 8.6% in May, 8.3% in April and 8.5% in March, according to the US Bureau of Labor Statistics

Worries about a recession and future consumer spending may be pushing some companies to scale back, Laurinas said. Walmart recently announced plans to hire 20,000 workers for the Christmas season, figure below the 150,04 retailers and 20,04 supply chain workers hired last year.

You may be interested in:
-Despite inflation, more than half of Americans favor paying more for healthy foods
– Inflation in a typical American breakfast: what has been the price of eggs and bacon in the last 20 years
– Why the recession would be for Powell the price to pay for inflation in the US