Our Points of View series highlights thought leadership from Newmark Knight Frank’s Global Consulting Services practice. Here, explore new data and industry trends that support perspective pieces by consulting leaders across NKF.
Having a dynamic labor force is a self-evident advantage for both the economy and companies themselves. As lifestyle and work habits are changing and enticing people to work different than usual 9 to 5, there is a growing number of employees joining gig economy or turning to temporary work without an implicit or explicit contract and becoming contingent workers.
Currently at 3.9% in August, the unemployment rate in the United States dropped to record low levels in recent months, a percentage that indicates the healthy growth of the American economy. The numbers seem reassuring but do not account for the rate of underemployment, an estimate that is more difficult to determine but one that significantly impacts the productivity of the current labor market.