The variety of U.S. staff working from house as a consequence of COVID-19 is falling, however stays elevated, in keeping with the Bureau of Labor Statistics.
The BLS says 24% of staff telecommuted in August, down from 26.4% in July. That’s down from the height of 35.4% in Might.
Youthful staff have been much less more likely to earn a living from home than others. Simply 11% of these underneath 25 teleworked due to the pandemic, in contrast with 27% of these between 25 to 54 and 23% of these 55 and older.
Higher educated staff have been extra more likely to earn a living from home, with simply 3% of these with a highschool diploma or much less teleworking.
Regardless of the rally in know-how shares and sure work-from-home associated points, the newly-created Direxion Work From Dwelling ETF (WFH, +0.4%) has barely budged. It’s up 5% since its arrival in the marketplace on the finish of June.
See the WFH top 10 holdings.