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Many who lost jobs during pandemic would return for the right pay and position, CNBC survey finds

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This could indicate a good economic sign. CNBC All-America Workforce SurveyMany Americans, who were either unemployed or retired during the pandemic, would be open to returning to work if they found the right salary and job.

A poll of over 2000 Americans was conducted online to determine how the pandemic had affected 1,200 Americans who are employed, as well as 450 retired Americans and 400 people without work.

According to the survey, 94% of people who claim they are unemployed would like a job and 68% said that retirementes would also consider looking for a job. Flexible hours, pay and work/life balance are top priorities for those who don’t have a job. Then comes a job they feel qualified for and company benefits.

Flexible hours are the top priority for those who were able to work during the pandemic. Pay and balance in life is also important. Many retirees stated that they prefer returning part-time.

CNBC All-America Workforce Survey

It is crucial to consider whether people who have dropped out of work will return to work in order to improve the economic outlook. Although it has recovered from its lows in the aftermath of the pandemic, the labor force participation rate or the share of the workforce that are available to work is now at 62.3%. However, this percentage remains 1.1 percentage point below the level before the crisis. The participation rate would be restored to its previous level, which could bring in another 1.8million workers who can help ease a national worker shortage. This is threatening higher inflation through rising wages and prices.

Early retirement during pandemic

This survey confirmed government data, which showed that 62% of retired people said they had left their jobs earlier than anticipated. 67% of those surveyed said they were at least 2 years ahead. A substantial percentage left after being laid off.

CNBC All-America Workforce Survey

Californian woman posted, “I worked part-time but my employer fired me because of pandemics and restructuring.” If that was an option, I would have continued to work part-time if it were available.”

One New Jersey resident said that during the pandemic my position changed from being partially remote to one where I was fully remote. My office was closed during my employment. “I reached full retirement age at the end of my contract and chose to retire.”

One third stated that they took early retirement because of medical reasons, while another third said it was because of Covid concerns. A quarter of respondents said that they simply didn’t feel like working any more, while 12% stated that it was because they needed to care for their family members.

My husband was sick and I had been working as a part-time teacher at a Christian school when he contracted Covid. An Ohio retired person wrote, “He was sick for several weeks and required care. They couldn’t hold my job for him so I had to quit.”

CNBC’s All-America Economic poll also found that workers received unemployment benefits during the Pandemic. The majority of employed people reported that they were able to work more than usual because of the benefits. This was also true of 50% of the current unemployed and retirees. About a third (33%) of those unemployed claim that the benefits enable them to stay out of work.

Many people who work currently said they have used their benefits to help them find the best job and pay off debts. It helped 69% parents pay for childcare in the pandemic.

Around 40% of people who have received benefits report that they still have money and are saving or investing it. This could indicate a boost in consumer spending for the coming months.

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