Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
…. “Nicholas Colas, co-founder of DataTrek Research, said the office occupancy data is consistent with employees having the upper hand in the job market.
“Many businesses want their workers back in the office but know that pushing the issue risks increasing labor force turnover. Many workers want – and can demand – flexible work schedules where they continue to work from home some or all of the time,” said Colas.
Office occupancy is a sign that labor market conditions remain tight, he added. “Just like the JOLTS data, there is an upside: money saved by not commuting leaves more in household budgets to offset rising inflation,” he said”….
Read the full article here on MarketWatch!