December 2, 2022

US Secretary of Labor Marty Walsh

US Secretary of Labor Marty Walsh

The US Secretary of Labor claims that the culture of the bustle of the American workforce is still alive and well Marty Walshdespite data indicating that employees are exhausted from the pandemic.

“I think productivity in America is strong,” Walsh said on Yahoo Finance Live (video above). “I think American workers are still working hard. They’re working and getting paid…I’ve been to a lot of manufacturing facilities. These workers aren’t slowing down. These workers are working hard.”

However, recent data suggests that this may not be the case in more white collar jobs.

American worker productivity rose at a meager 0.3% annualized rate in the third quarter, according to new Labor Department data. Productivity declined by 4.1% in the second quarter and by 7.4% in the first.

“I don’t think the data is as consistent or robust as it should tell the true story of American workers,” Walsh added.

Quiet take-off, a term that has gained traction throughout 2022, may be to blame for the decline in productivity — despite the fact underestimated The effect of this phenomenon in the past.

For some, a quiet quit from work means the employee doesn’t definitively leave their job, but may do enough to keep it, and become less productive as a result. Others think it reflects setting boundaries between home and office life, such as not reading emails late in the evening.

Labor Secretary Marty Walsh tours Lehigh Heavy Forge while visiting businesses in the Bethlehem, Pennsylvania area, Wednesday, June 2, 2021 (Photo by Tom Williams/CQ Roll Cole, Inc via Getty Images)

newly public opinion poll It found that only 21% of employees are engaged in work, suggesting that as many as 79% can practice quiet quitting in one form or another. Another study by Conference Board It found that unrelated workers could cost US companies about $500 billion each year.

Early October poll from have found That one in 10 workers is putting in less effort than they did six months ago, and half say this reduced effort hasn’t gone unnoticed. The survey also revealed that one in three who cut back on their efforts cut their working hours by more than 50%.

“I haven’t really heard of her [quiet quitting] Walsh said on Yahoo Finance Live in October. “I know this is being reported in the press. I’ve talked to a lot of companies in the country. I haven’t heard of it.”

Brian Suzy It is a comprehensive editor and Announcer at Yahoo Finance. Follow Suzy on Twitter Tweet embed and on LinkedIn.

Click here for the latest economic news and economic indicators to help you with your investment decisions

Read the latest financial and business news from Yahoo Finance

Download the Yahoo Finance app for apple or Android

Follow Yahoo Finance on TwitterAnd the FacebookAnd the InstagramAnd the FlipboardAnd the LinkedInAnd the Youtube