Sarah Chaney Cambon

speaker

542 appearances 17 recordings 1 series first heard Sep 2017 last heard Feb 2023

Sarah Chaney Cambon’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Why Blue-Collar Jobs Are in High Demand · 23 Feb 2021 podcast

39% before the coronavirus hit. matched

Those two areas are expected to remain strong. matched

We've seen that mortgage rates are historically low and they're expected to remain low for the foreseeable future. matched

You also have the fact that millennials have kind of entered their prime home buying years. matched

And so their appetite for homes is going to remain strong. matched

And then lastly, the pandemic kind of sped up matched

this shift to remote work. matched

And a lot of evidence suggests that that is going to stick around. matched

And along with that, you have a lot of people who are buying homes. matched

They want that home office, that extra space so that they're not right on top of their family members or spouse. matched

And so those trends are expected to endure and that will feed into demand for residential construction jobs and the like. matched

Throughout the winter, restaurants in particular have not been doing very well. matched

They've been actually cutting jobs. matched

The outlook, though, for both retail and restaurants is a lot stronger than what we're seeing now. matched

A lot of economists expect that matched

Assuming the whole vaccination distribution process goes well and the economy starts to more fully reopen, that a lot of jobs at restaurants and in retail will come back or there will be new restaurants created, helping replace some of the ones that shut down permanently. matched

There are quite a few different things going on there. matched

One is that there are some pandemic-specific factors that are keeping people from looking for work altogether. matched

You have a lot of people who are essentially fearful of contracting the coronavirus at work, so they're not looking for jobs. matched

You have people who have increased childcare responsibilities, and so they're not able to commit to even looking for work right now. matched

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