Skip to main content

What are workers thinking in 2022? By Sarah Miller, Ashley Putnam

By Sarah Miller, Ashley Putnam

From Philadelphia to Atlanta to Portland, communities rallied behind workers who couldn’t shift to remote work at the beginning of the COVID-19 pandemic. When 7 pm came around, neighbors stood on their front steps and leaned out windows to applaud health care workers. Handwritten signs supporting grocers, farmers, and first responders decorated windows and lawns. Drivers found snacks and thank-you notes on porches as thanks for delivering packages safely. Workers who could not work from home even got a new name: Essential.

As the pandemic marched on, life resumed some measures of normalcy. You may find yourself eating inside restaurants or shopping more frequently in stores. Once again, more of us are traveling to see family or friends, or to get away for a long-delayed vacation. You might also notice that fewer workers seem to be doing those “essential” jobs we celebrated not too long ago.

More jobs than jobseekers

The question everyone is asking is: Where are all the workers?

Understanding the labor market is one of the most important things we do at the Fed. It reflects part of our dual mandate of price stability and maximum employment. So, we started having conversations about this situation with colleagues. We know that businesses are struggling to find and retain workers. It’s a sentiment echoed in the Fed’s Small Business Credit Survey, for example. We wondered why so many people are hesitant to return to work. What happened during the pandemic to prompt so many people to quit their jobs and look for new ones?

Typically, when the Fed wants to understand what’s going on in the economy, we look to data and we talk to people. We survey consumers and owners of small businesses. Our outreach teams connect with members of our communities to learn firsthand how they are experiencing the economy. For instance, they consult with members of the Fed’s advisory councils and talk to workforce development and staffing agencies, and local leaders, business owners, and bankers. They may also hold listening sessions. These activities are happening regularly, but they only tell us part of the story.

We need to include workers in these conversations, too.

Listening to workers themselves

This year Federal Reserve Banks across the country are hosting 20 virtual focus groups to hear firsthand from workers who are in, or have recently left, high-turnover jobs. We’re calling it the Worker Voices Project. It’s an opportunity to hear directly from workers at a time when our country is going through big changes in how we think about work. Once the focus groups are concluded, we will publish a report with our findings and more details. In the meantime, we can tell you about our approach and some preliminary things we’re learning.

Everyone participating in the focus groups meets at least one of the following qualifications. They have

  • Recently looked for work
  • Shifted where and how they work
  • Participated in a workforce or training program recently

For these conversations, we’re focusing on workers who do not have a four-year college degree so we can understand their unique experiences as they tend to occupy some of those jobs we previously called “essential”. The stories they are sharing reveal some distinct themes about workers in 2022.

Prioritizing careers over ‘just a job’

Our focus groups confirm that work changed for these workers too. Many have articulated that the pandemic caused them to think about their priorities, their career paths, and how they are treated at work. Almost all of them said that the pandemic changed the way they think about what they want out of a job and how they spend their time away from their families and personal lives. Overwhelmingly, they are looking for a fulfilling and meaningful career, not just a job.

That said, they still face barriers such as

  • Lack of affordable childcare
  • High costs of commuting
  • Skills mismatches
  • Finding work that pays enough to make ends meet

The value of workers being heard

One clear thing has emerged: People want to work. What that looks like, however, has shifted.

Workers are telling us that they’re looking for more than a temporary influx of cash. They want jobs that provide both stability and mobility. They may not want to work where they were working before. Feeling valued by their employers is important. And they want to be heard.

Focus group participants have told us how meaningful it is to be able to share their voices and experiences. They will certainly help us have a more well-rounded view of what’s going on in the labor market. We have a number of focus groups yet to conduct. At the same time, research continues into other factors related to workers’ experiences.

We are no longer talking about workers without workers.

Workers. Job seekers. Career changers. They are all essential parts of our economy and we look forward to sharing some of their perspectives with you.

Sarah Miller is a senior adviser for community and economic development within the Atlanta Fed’s Center for Workforce and Economic Opportunity


Comments

Popular posts from this blog

NCUA Board Approves 11 Final Rules for Deregulation Project

Alexandria, VA (August 5, 2026) ― The National Credit Union Administration (NCUA) today finalized eleven rules that were proposed for changes through the Deregulation Project. This is the first round of final rules from the ongoing Deregulation Project which is an initiative to review NCUA’s regulations and ensure they are focused on credit unions’ safety, soundness, and resilience. The final rules include: This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Surety and Guarantor Requirements – 12 CFR 701.20(c)(3) and 701.20(d) (Opens new window) This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Limits on Loan to Other Credit Unions – 12 CFR 701.25(b) (Opens new window) This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Service to Underserved Areas – IRPS 08-2 (Opens new window) This is...

Making the Most of the Final Five Years Before Retirement

  NATIONAL COUNCIL OF FIRST RESPONDER CREDIT UNIONS RETIREMENT READINESS Making the Most of the Final Five Years Before Retirement A practical planning guide for first responders, credit union volunteers, employees, and their families Five years before retirement is an important checkpoint. It is the time to confirm what you have saved, understand the income you can expect, and decide whether your retirement plans match the life you want to lead.   1. Review Your Retirement Savings Start by taking a fresh look at your retirement accounts, personal savings, investments, and other assets. A retirement calculator can help estimate whether you are on track and show how additional saving during the next five years may strengthen your plan.   2. Identify Every Source of Retirement Income List the income you may receive in retirement, including pensions, Social Security, retirement-plan withdrawals, invest...

Senate, 51-47, has confirmed John Crews to the NCUA board

WASHINGTON—The U.S. Senate, 51-47, has confirmed John Crews to the NCUA board, clearing the way for him to succeed Kyle Hauptman and return the agency to a single-member board following the Trump Administration's removal of Democratic board members Todd Harper and Tanya Otsuka earlier this year. Maintaining the foundational stability of the credit union system Supporting efficient, risk-based regulation that accounts for institutional size and operational differences Preparing for technological advancement while safeguarding member assets Encouraging the growth of new credit unions to serve underbanked and military communities Preserving an open, accessible, and collaborative dialogue between the NCUA and the credit union movement Crews, who most recently served in the Treasury Department, has said his priorities include reducing regulatory burden for smaller credit unions, encouraging innovation and supporting the chartering of new credit unions, while maintaining the safety and s...

What’s Ahead for U.S. Economy? Here’s What One Former Fed Chair is Saying

 WASHINGTON–Former Federal Reserve Chairman Ben Bernanke, who headed the central bank during the 2008 financial crisis, is now warning that the United States is headed for a situation similar to that of the 1970s, when Americans were losing their jobs but still facing higher prices at the grocery store and at the pump. Ben Bernanke “Even under the benign scenario, we should have a slowing economy,” Bernanke told the New York Times in an interview in conjunction with his new book, “ 21st Century Monetary Policy: The Federal Reserve From the Great Inflation to Covid-19 ,” which is scheduled to publish today. “So, there should be a period in the next year...

Fed Governors Signal Smaller Rate Increases Coming

WASHINGTON–There is a growing chorus among Federal Reserve governors that the central bank will be slowing it pace of rate increases when the Federal Open Markets Committee meets next on Feb. 1. Christopher Waller Among those who have signaled the days of 50 - and 75-basis point increases are over is Federal Reserve Governor Christopher Waller, who said he believes it’s time to slow the pace of increases—but not eliminate them. If the forecast proves true, it will mark the end of the rapid increases that took place during 2022 as the Fed sought to tamp down high inflation. Central bankers are now “entering a new phase that is focused more on how high-inter...

Sunday Reading - We Hold These Truths to Be Self-Evident

We Hold These Truths to Be Self-Evident .  The Declaration of Independence is the founding document that formally announced the American Colonies' break from British rule. Adopted on July 4, 1776, it laid the philosophical and moral foundation for American self-governance, asserting that individuals possess inherent rights and that governments must be accountable to the people. While it didn't create a government or legal framework, the Declaration marked the birth of the United States as a sovereign nation. >  Hear why the Continental Congress decided to declare independence, how the text took shape...

NCOFCU 2016 Annual Awards Dinner

This year in Denver, CO, the National Council of FirefighterCredit Union Inc (NCOFCU) announced the winners of their, Lifetime Achievement Award and Volunteer of the Year Award. They also awarded an Out Going Charter Director Award and a thank you to the Denver Fire Dept. Credit Union for hosting the conference.    Lifetime Achievement Award Wallace Garland CEO Richmond Virginia Fire Police Credit Union   In recognition of his constant Dedication and passion for the credit union movement throughout his career and for his unending involvement and outstanding contributions to NCOFCU  Volunteer of the Year Award Erv Williams Director Spokane Firefighters Credit Union The National Council of Firefighters Credit Unions would like to recognizance Erv Williams  as NCOFCU's volunteer of the year. The time and personal commitment of  Erv has been exemplary at all levels, and needs to be acknowledged. Out Going Charter Board M...

New CEO Named at SF Fire CU

  In San Francisco, – SF Fire Credit Union has appointed Robert Kassab as its president and chief executive Officer. Kassab, who has served as the $1.6-billion credit union’s CFO and most recently as Interim CEO, will lead the organization as it builds on 75 years of community service and pursues an ambitious strategy for growth and member impact, the credit union said in a statement. Robert Kassab “SF Fire Credit Union has a 75-year legacy of doing right by its members, and I take that responsibility seriously,” Kassab stated. Kassab joined SF Fire Credit Union in 2022 as CFO, where he played a central role in strengthening the institution’s financial foundation and positioning the credit union for long-term growth. His appointment as CEO follows a period of interim leadership, during which he worked closely with the board to develop a strategic vision for the credit union’s future, according to SF Fire. An Institution That ‘Deserves Them Back’ “SF Fire Credit Union was built on ...

New FRCUA Manuals Alert!

New & Updated Manuals Now in the First Responder Credit Union Academy! NCUA "What you Need to Know." Building a Budget Policies & Procedures CEO Strategic Planning Checklist Board Strategic Priorities Directors'  Strategic Planning Checklist We’re always improving the First Responder Credit Union Academy to give you the tools you need to succeed. Our manuals are regularly updated with the latest insights, best practices, and industry guidance — so you can stay informed, confident, and ready to serve your members. Check out the latest updates and keep your skills sharp:  https://www.ncofcu.org/first-responder-credit-union-academy  ================================================= Remember, you're not alone with  NCOFCU.org Join/Upgrade Check out some of NCOFCU's additional features: First Responder Credit Union Academy Financial Literacy Podcasts YouTube Mini's Blog Job Board  

NCUA"s new video module provides best practices for merging

The three-part video module provided by NCUA, available online   here , examines current trends in mergers, when a credit union board should consider a merger and how to negotiate a merger agreement that best serves the credit union’s interests. Every credit union should discuss the possibilities of a future merger in their strategic planning.