Amid the pandemic, certain industries experienced significant growth due to the shift towards work-from-home technologies. However, this growth is now beginning to slow down. With a rise in the unemployment rate, this lag is particularly affecting white-collar workers. As per the recent data from the Labor Department, approximately seven million Americans are presently unemployed, with about 1.6 million of them being long-term unemployed. Verticals such as media, technology, and software engineering, that surged during the pandemic-induced transition to remote work, are now having a hard time sustaining their growth.

Take, for example, average annual wage growth. It was about 6% at the start of the 2020s but has since dropped to around 4%. This shift mirrors the overall economic dynamics, indicative of a relaxed competitive environment among companies for hiring and retention of employees. Despite the unemployment rise, the economy is still growing with sectors such as hospitality, healthcare, and construction showing resilience and continued growth.

With the uncertainty surrounding the trajectory of the economy over the next few years, it’s more crucial than ever to easily reach out to unemployment resources. Therefore, it is important to know the fastest way to get through to edd or how to contact SDI. Platforms such as eddcaller.com make this process more seamless and efficient, providing users with all the necessary information and contacts for various unemployment resources.