remoteWork News & Analysis
2 articles
Market Mood
Youth Unemployment Hits 5.6% Amid Remote Work Surge: NY Fed
The unemployment rate for young college graduates increased to 5.6% in March 2026, up from 3.6% in March 2019, according to the Federal Reserve Bank of New York. The researchers attribute approximately 64% of this rise to the growth of remote work. Additionally, a Gallup survey from May 2025 indicated that only 6% of Gen Z workers prefer fully on-site work, while 71% favor a hybrid model. This shift in work dynamics may hinder on-the-job training, thus causing companies to be reluctant in hiring inexperienced employees.
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JPMorgan Chase (JPM) CEO Advocates In-Office Work Benefits
JPMorgan Chase (JPM) CEO Jamie Dimon emphasized the drawbacks of remote work at the Hill & Valley Forum in Washington, D.C. He stated that remote work undermines learning and engagement for younger employees, emphasizing the importance of in-person experiences like sales calls for developing judgment and emotional intelligence. Dimon noted that managing through screens leads to less effective collaboration and attention. This discussion around remote work is part of a broader debate on employee engagement and productivity in diverse work environments.
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