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However, many economists had predicted a steeper month-over-month drop based on concerns over the impact of President Donald Trump’s blanket tariffs against U.S. trading partners.

“You can drop all of this stuff on a bell curve with one standard deviation and make a mathematical decision, but Murphy’s Law does not follow statistical predictions; it always chases anomalies,” Luitjens.

Landry shared that in the 2024 enrollment period, the top three benefits workers had dropped were vision, medical and dental insurance, either because: ;The cost increased (26%);; ;The benefit wasn’t used enough (28%);; ;The employee sought to reduce their benefit spending (23%); or,; ;The cost of another benefit had gone up (14%).; “Economic hardship reduces employees’ willingness and ability to pay for benefits at the same time as it increases the potential need for these protections, creating something of a Catch-22 for workers,” Landry said.

In the workforce as it stands, the number of Americans reporting they’re happy with their current jobs has dropped by 16%.

In New York, for example, occupancy rates dropped to 26.5% on Friday from 59.8% on Tuesday.

Specifically, ADP noted that the drop in leisure and hospitality jobs in November could be a sign of the labor market normalizing , and therefore indicating payroll growth could eventually slow next year.

Through the “Slice of Life” program, total rewards team members shadowed workers on childcare drop-offs and pickups, dog walks, and more.

TR categories that saw a larger drop in enhancements include variable compensation or bonus programs, down 8%; medical, well-being, leave and retirement benefits, all down 7%; and voluntary or supplemental benefits, down 6%.

Some achieve much higher reductions — such as General Electric, where absenteeism dropped 45% after enhanced well-being programs were put into place.

From a more innovative lens, she said Mercer is seeing employers broaden the definition of caregiving to include: ;Petcare , with subsidies to support pet sitting or dog walks while employees are traveling or in the office;; ;Onsite backup care (not meant for full-time care, but drop-in only), creating their own access either through onsite childcare or near-site, dedicated networks; and,; ;Expanded eldercare support, with transportation funding and grocery deliveries.; Izbicki said effective communication of offerings can be done through employee resource groups (ERGs), Slack channels, etc., and through cross-promotions with vendor partners (e.g., fertility, wellness, advocacy).