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1 1 (July 15, 2021)

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The Great Arnerican jobs Reshuffle
By Brent Orrell and Daniel A. Cox
Key Points
* The un 2.-'  Arneican -i  rt'iv.yes- Surv yAkP>) finds that peoples work arranoernents
ar preferences, unenplo'yrnent experinc s, and career aspirations are changing as
workers naviga e the le'v pos-p ndom'I ror market.
* Despite Y ow emplcynrnnt orcwh, a resounding rnajorty (75 percent) of those uner-
ployed or t  ar or le ar  urrenty l kin or plan  ok for work
 At the same tm e, the unem cployd  e more pessimistic about finding quality jobs.
Nearly three-quarters of Americans say row is a goo time to find a quality job, but rny
55 percen t of unermnployed wirkers agree,
 Eighty-six percent of Americans now say that workolace flexibility is a key factor in c.hoosing
a new ob. It's especially important for mothers working fuli-tirne.

March 13, 2020, may go d in as a key infle-tion
point in Amt-erican ecwnr-'nic historyTh C :¾tI'--
pandenic shuttered countless usnr ,brotiht
economies to a halt, and has killed more hant
600,000 Arnericans at over Four rn:illion people
woridwie as of early su'mmrner 102. Real grqmss
donnestic product ell 1y over 3 per ent in he sec--
on quarter of 2020. e ervice-prviina- sect ,r,
vhich accoun tsfor ovr 7 per ert of theArmerican
wtor-orce, cminta- iS mainy of the sectOiS that h'ave
been it hardest -Wetner businesses Shuttered
tIcmprarily due to healih cone n cr folded co--
pletely, millions of Americaisn, many of whorm ;ad
never beeni unmnply-ed beore, found thmcselvies
writhou-;;i -work nr the tprosrert of finding or.
Fe drl and stat' governrnerts respond ed t thi
,risis wth unprece  n -te e- orts to try to ensuire
tt t,Arericanr farnilies had resources to sur-vive arid
that the US economy had the aaregate cemano
required to prevent a full-scale collapse. Over the

past year, aih U- goverrnent has s-p't $7-4 bi'-
|ion on unenploymnent compensation beneftsr,
$gb8 billion n payroll suosidies tostruggling firms,
and $%67 biihon in stimlis payments to individuals
and farnilies  Busiresses responded to ne pan-
-e-ic threat by sh-t ng quickly to remote- w orki ng
arr er'nerts to Protect  'orkers and com ply with
government stay-a'-hom orcers. At least tempo-
ariy, CO'VI1  has changed 'i' ruiS au- t how
AmericanS work and what happens to -hem and
;.heir government  b eits, such as u nnp:oy-nctr
corcnesa tin, hen t-hey se theirjobs.
As Pigh y effective vaccines and declining 'nfec-
tor rates- have taken hold, tentative newv nonal is
en'rging. Fueed by overa year of penT-up c n'sumer
ernd, factor ies are ra npg Up roducticn, and
once-shuttere stores,, businesses, and service and
hospitality inms are reopening. This raional eco-
nomic restart, and a backlog of consumer demand,
has cenerated enorrnous dernard for workers. In its

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