'A lot of jobs weren't great in 2019 either': Job hunters had one big advantage during the pandemic, says top Obama economist

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Job openings in the U.S. outnumber people looking for work by 3 million, according to Bureau of Labor Statistics data.

Employers in the U.S. have 10.4 million job openings, a near record-high level, and the pool of unemployed workers looking for work hovers at 7.4 million people, according to Bureau of Labor Statistics data.

But that narrative doesn’t explain why labor shortages continue to persist in the U.S., according to Jason Furman, former chairman of the Council of Economic Advisors under the Obama administration. Also, when much of the economy was locked down to curb the spread of COVID-19, Americans had limited opportunities to spend money.But since March 2021, Americans have been dipping into their savings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Time to deploy the robots, do we still tip them?🤔

Sounds like we need a lot of immigrants. Also birth rate fell again.

Go get a low wage job now people!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Women 2.0 - LANE Job BoardIf you're looking for a new role, head over to our hiring platform! Plenty of roles up.
Source: Women 2.0 - 🏆 149. / 63 Read more »

Kansas' top health official says he was 'Fauci'd' out of job after politicization of COVID'It was [like] sticking a stick into the spokes of a bicycle,' Dr. Lee Norman said of the political tensions that led to his departure.
Source: Newsweek - 🏆 468. / 52 Read more »

Consider these 4 things before you quit your jobHere are the 4 most important things to consider before you quit your job, according to an executive coach
Source: BusinessInsider - 🏆 729. / 51 Read more »

Black job applicant sues company for discrimination over hairstyleThe legal claim, believed to be the first of its kind in California, stems from a relatively new law barring grooming policies that ban locks and afros that disproportionately affect Black individuals. Is hairstyle a protected class?
Source: latimes - 🏆 11. / 82 Read more »

How I Got My Job: From Making Artisanal Jam to Public Service at SF City Hall and BeyondHow Shakirah Simley went from running a jam company to working in city government to becoming the executive director of SF’s oldest Black-led, Black-serving community center She talks about erasing student debt, when she CHOSE to go to one of the most prestigious and exp schools in the country. Why should others pay to fund your choices? You signed up for it and you should pay for it.
Source: Eater - 🏆 368. / 59 Read more »

Leaving a job? What to do so you don't misplace retirement savingsMore than 25 million people who switched jobs between 2004 and 2014 left one or more employer-sponsored retirement accounts behind, according to a report.
Source: CNBC - 🏆 12. / 72 Read more »