Inflation Pushes Some Workers To New Jobs — And Some Regrets

Arthur T Knackerbracket has processed the following story:

Despite an extremely low unemployment rate in first half of 2022, job seekers are bracing for conditions to worsen in light of growing concerns about inflation, gas prices, and a potential recession, according to a new survey by job search platform Joblist.

The survey showed 80% of those seeking jobs expect the US to enter a recession in the next year and 49% anticipate that the job market will get worse over the next six months. As a result, 60% of job seekers feel more urgency to find a job now before market conditions change.

Notably, one in four (26%) who quit their previous job during the Great Resignation now say they regret the decision, and 42% say their new job has not lived up to their expectations.

As regret sets in, 17% of respondents indicated they would go back to their old job and another 24% said they're at least open to returning. And 23% indicated their former employer has reached out to them about coming back, according the Q2 US Job Market Report from Joblist. (The company conducted five surveys in April, May, and June involving 15,158 US respondents.)

Read more of this story at SoylentNews.