"The most persuasive signal of staying power is the plateau itself. After a steep fall from its 2020 peak, work from home did not keep falling. Instead, across six nationally representative U.S. data sets studied in the Fed report, the rate leveled off and has held roughly 60 percent above pre-pandemic levels in 2023 and 2024."
"In the American Community Survey, the work-from-home-only rate reached 14 percent in 2023. Had pre-pandemic growth continued at its slow pace, that figure would have landed nearer to 5 or 6 percent - a multi-year proof point that hybrid and remote patterns are now baked into the labor market rather than fading artifacts of a health crisis."
"The datasets differentiate between workers who never commute in a week and those who split their working hours between home and the worksite. The latter group has grown since 2022, which tracks with the way many organizations have formalized two- to three-day hybrid schedules."
The Federal Reserve Bank of St. Louis reports that work from home has stabilized at levels 60 percent above pre-pandemic figures. The work-from-home-only rate reached 14 percent in 2023, compared to a projected 5-6 percent if pre-pandemic trends had continued. This indicates that hybrid and remote work patterns are now integral to the labor market. The growth of workers splitting time between home and the office supports the trend towards formalized hybrid schedules, prompting a need for smaller office spaces and enhanced collaboration tools.
Read at The Hill
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