Economic Performance/Indicators, Employment/Unemployment Figures, Jobless Claims, Political/General News, Respiratory Tract Diseases, Society/Community, General Labor Issues, Medical Conditions

Economic Performance/Indicators, Employment/Unemployment Figures

Policy Makers Can’t Agree on Causes of Shortage of Workers

The shortage threatens to restrain the pace of economic growth while the U.S. emerges from the Covid-19 pandemic.

5/10/2021 10:30:00 AM

Republicans say enhanced unemployment benefits are keeping workers on sidelines amid a shortage of labor, while Democrats point to child-care and chip shortages

The shortage threatens to restrain the pace of economic growth while the U.S. emerges from the Covid-19 pandemic.

.Many Republicans say enhanced and extended unemployment benefits are discouraging Americans from seeking work, especially in low-wage jobs where the aid often pays more than they earned at previous jobs. The Biden administration and Democrats say other factors, including lack of access to child care and shortages of computer chips, are holding back more robust job growth.

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U.S. employers added a seasonally adjusted 266,000 jobs in April, the Labor Department said Friday. The figure wasa sharp slowdownfrom March and well below the one million jobs economists expected to be created. A separate report showed there were 7.4 million unfilled jobs in the U.S.

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said labor supply is a factor holding back better overall growth, at least temporarily.“There is some truth to the unemployment benefits, maybe, being a disincentive,” he said in a CBS interview that aired Sunday. “I see that in the data and I see that in anecdotes as we talk to people.” headtopics.com

Read more: The Wall Street Journal »

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No one in their left mind would go back to work losing their social welfare. Who woulda thought? Welcome to Socialism. Closed schools keep parents home Yeah - chip shortages are killing the restaurant & service industries! They do not pay a livable wage while the CEO takes home millions in bonuses. Do not let these corporations & politicians change the narrative. They can afford to pay more. Anyone claiming these jobs aren't meant to pay a livable wage - eat at home!

If the 🤡 Trump got a handle on COVID everyone would be back to work If the wages are decent, there is no issue hiring. Once you have poor wages, dealing with abnoxious customers and add in child care issues, jobs will be tough to fill. Unemployment runs out A job is more permanent. GQP: So people would chose unemployment over a job. Stupid

So stupid to think getting 30 to 40 if your income makes you want to stay home. what jobs? who wants to go back to giving diabetes to f250 owners? It's always a combination of things. Each party only focuses on the one cause that helps them politically though. With Your PC or Smartphone You Can Make Up To 0.12 BTC (€5000) No recommendations fee, and payments is 100% Guaranteed All You Just Need Do Is Write Me A Direct Message with this link To Get More Details

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America's mask makers face post-pandemic meltdownThe small U.S. manufacturers that rushed to produce face masks over the past year are now stuck with hundreds of millions of unsold face coverings because China is flooding the market with below-cost masks, and most may not survive the end of the pandemic. That's the thrust of a letter to President Joe Biden released Tuesday by a trade group representing 26 small manufacturers that set up production of the badly needed safety items as the health crisis took hold last year. The manufacturers said over half their production would be forced offline in 60 days if they don't get immediate federal aid, costing thousands of jobs. Reminds me of all these people that got dogs during the pandemic and now are going back to work. Or all those that said NYC was dead forever after 6 months of covid-19. You really thought that was going to last forever. China loves Joe.

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