https://edition.cnn.com/2021/05/22/politics/what-matters-labor-shortage/index.html
Republican governors are rejecting expanded federal unemployment benefits for their citizens because they say there is a labor shortage; restaurants can't open, goes the storyline, because workers would rather collect unemployment and not work. What's really happening?
As for the claim that restaurants can't open because workers would rather stay home, the data isn't really showing that. In April, the hospitality sector added 331,000 jobs, half of which were in restaurants and bars. No other sector even came close to adding that many jobs. Still, the sector is still down 2.8 million jobs compared to pre-pandemic times, so economists expect more jobs to be added over the coming months.
Don't know where my comments went but here we go awgain
ReplyDelete1) So they added 331 000 jobs. If you have 2 500 000 openings then you still have a problem.
2) So the Boomers are retiring. If Millenials are having such a hard time finding jobs, they should be snatching up the vacancies. But they're not.