Millions of Americans stopped working from home in 2022, according to a new report from the Labor Department.
The agency said about 72 percent of private-sector reported little to no telework among employees between August and September. That is compared to about 60 percent in roughly the same period in 2021. Prior to the pandemic, 76.7 percent of companies reported little to no remote work.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
