Workers opting out of workforce because of financial cushion: JPM

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As many as 2.7 million 'missing workers' haven't returned to the workforce because they have a financial cushion thanks to unemployment benefits and stimulus checks

But the 7.5 million"missing workers" from the US workforce have led to questions about how those workers are subsisting without participating in the labor market.

As of September 1, there were still 2.7 million people out of the 5.3 million receiving unemployment benefits who have more money coming in than they did at their previous jobs, JPMorgan estimates.this past summer, and the federal program that provided an additional $300 per week for the unemployed ended on September 5. While that led more people to start looking for jobs, JPMorgan found, it didn't lead to more people participating in the workforce.

 

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多达270万“失踪工人”没有重返劳动力市场,因为他们在失业救济金和经济刺激支票的帮助下有了经济缓冲

CareersInsider Because employers aren’t paying market price for labor and the work sucks

Horrible headline

“Government does math to calculate minimum needed to survive for unemployment - turns out to be more than minimum wage - why would the workers do this”

only they where really missing, on Behalf of Amarillo, TX!?

uh shouldnt that mean that its because those companies arent properly compensating their employees?

Right it has nothing to do with the estimated 2.5 - 3 million people who decided to retire early.

gimme more stimmies

LoL. The stimulus checks? Three little checks is a cushion? That’s just $3200 spread apart by months. And the unemployment is very little … I call bullsh*t

Lmao a “ financial cushion “ bitch you mean financial stability and means to survive during a pandemic. propaganda

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