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Unemployment drops to pandemic low, but worker shortage isn't letting up woodworkingnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from woodworkingnetwork.com Daily Mail and Mail on Sunday newspapers.
Sesame Street comes to mind. A skills mismatch between the workers who need jobs and the job openings themselves isn’t unusual. But many of today’s available jobs don’t require advanced education. More Than a Paycheck Another explanation, popular with investors and politicians, is that enhanced unemployment benefits discourage work. Many workers can make more by staying home than they would from a job. That kind of makes sense but in my experience, most folks want to support themselves and their families. Moreover, a job is more than a paycheck. It’s important to our self-image and social relations. That’s one reason unemployment is so devastating. ....
Print article WASHINGTON - From Wall Street to the White House, expectations were high for a hiring surge in April with potentially a million Americans returning to work. Instead, the world learned Friday that just 266,000 jobs were added, a massive disappointment that raises questions about whether the recovery is on track or not. President Joe Biden’s team has vowed that its massive stimulus package will recover all the remaining jobs lost during the pandemic in about a year, but that promise won’t be kept unless there’s a big pickup in hiring soon. There are still 8.2 million jobs left to recover. At the same time, business leaders and Republicans are complaining that there is a “worker shortage” and they largely blame the more generous unemployment payments and stimulus checks for making people less likely to take low-paying fast food and retail jobs again. Democratic economists counter that companies could raise pay if they really wanted workers back quick ....