It’s no secret that America is one of the world’s leading economies, which explains why more people than ever before are choosing to work there. America offers a thriving business climate, high-quality health care options and a vibrant immigrant population
bringing with them unique cultural traditions that enrich its workforce. While most American workers enjoy job security and salary satisfaction with working here, others may still be uncertain why working in America might be right for them – here are a few reasons it might be:
In May, 339,000 new jobs were added – almost double projections. This marks an uptick in hiring following COVID-19-induced slowdowns; an excellent sign for both employers and employees alike who can take comfort knowing that jobs will soon be available to them. With unemployment now at 3.4%, Americans can feel confident about finding employment soon.
Recent findings by the Bureau of Labor Statistics reveal that worker wages increased 0.3% year-on-year for June – which was lower than anticipated but still an increase of 4.4% from last year’s increase of 4.6%. This marks an encouraging sign as it indicates wages are finally catching up with inflation again.
Last month, 157 million Americans entered the labor force, while unemployment dropped to its lowest point since May 1969. Unfortunately, however, many Americans remain discouraged from looking for work because they believe they don’t possess necessary qualifications or because no opportunities exist in their field – thus significantly increasing discouraged worker numbers relative to prior economic cycles.
As the labor market expands, the Federal Reserve has kept interest rates high to help rein in inflation and prevent it from running amok. Unfortunately, 11 million job openings exist across America right now–two job opportunities for every unemployed American–leading many companies to offer sign-on bonuses, higher starting salaries and on-the-job training to attract qualified candidates.
Although Americans work across various industries, the vast majority are employed in service-providing sectors – trade, transportation and utilities rank first with 27.8 million employees; education and health services come second followed by professional and business services before leisure and hospitality employees make up the third largest category of employees. When selecting a health insurance plan it’s essential that employees take into account their individual needs – for instance if you visit your doctor regularly then opting for at least a Silver plan would likely provide greater value.