When the U.S.-Iran conflict began, the White House told markets and consumers to expect a short-lived campaign. Seven months on, the economic effects of military action are rippling into the U.S. job market: Workers are now baking oil prices into their career expectations.
A new study from recruitment platform Monster suggests that 65% of prospective job movers are changing their search priorities owing to gas prices; 23% said they are looking for roles closer to home; and 17% are focusing more on salary expectations to offset the higher cost of commuting.
A further 20% said they are prioritizing fully remote roles, and 5% are applying for fully in-person roles.
The study comes as gas prices edge closer to $4.50 a gallon, on average. At the time of writing, the current national average price for mid-grade gas is a little over $5, while diesel exceeds $6.50. A month ago, a gallon of regular gas in the U.S. was around $4.10, up from $3.15 a year ago.
