Billion-dollar pledges and the news that the United States will distribute an initial 25 million doses will do little to curb the explosive outbreaks in poor countries, experts said
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Our reportersâ analysis and reactions to the jobs report.
June 4, 2021, 8:39 a.m. ET
1 hour ago
Deborah Solomon
The fact that the labor force participation rate was essentially flat is going to create more pressure on President Biden and Democrats to transition the unemployment insurance supplement into a hiring bonus.
1 hour ago
Patricia Cohen
The desire for remote work seems to be one reason why face-to-face jobs in restaurants and bars are going unfilled. A ZipRecruiter survey found 44 percent of people want remote work even after the pandemic ends.
1 hour ago
Patricia Cohen
There is a mismatch between the type of jobs employers are offering and the type that workers want. More than half of people searching on ZipRecruiter want remote work. Just 10 percent of employers are offering that.
Working people face fight for jobs, steepest price hikes in many years – The Militant themilitant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themilitant.com Daily Mail and Mail on Sunday newspapers.
Job Churn Creates Massive Economic Uncertainty
“Shocks in the initial months of the pandemic may have permanently destroyed a large share of employer-worker matches, many of which may have been highly productive,” Because highly productive matches are costly to find, the economic disruption induced by Covid-19 may have induced persistent reductions in productivity and employment.”
Alexander Bick – Arizona State University & Adam Blandin – Virginia Commonwealth University
The pandemic triggered a shock to both supply and demand in the economy. Management had no choice when lockdowns spread across the country but to lay off workers and ask those still working to work from home. As a result, millions of workers were either permanently or temporally laid off. Laid-off workers reflected on the job they lost and whether they wanted to return to the same position even if it offered again. While working from home, information services employees had time to evaluate their job