Something is really wrong with the Department of Labor’s numbers. Everywhere around you see help wanted signs. Business unexpectedly shut down with a sign on their door “closed due to staffing shortages”, restaurants which have to close because they don’t have enough food, banks with only three people working instead of the normal eight or ten. Tell me, it can’t just be in our city, surely someone else has seen this? Where are all the workers???
Fewer jobs created than expected, but they claim jobless rate dropped to 3.9%.
A Panda Express dining room was closed today when I swung by for lunch. No employees. Drive thru only.
Well, some died. 832,000 as of today
Others opted for early retirement. Last figure I saw was 1.8 million.
And just so America doesn’t feel lonely, most western countries are having similar worker problems. It isn’t just us.
I see it all over the San Francisco Bay Area and Los Angeles.
I don’t how they are skewing the numbers but, they totally are...
50% of small businesses in San Francisco and Los Angeles have permanently shuttered.
Tourism is way down from out of state. In state residents are finding out how great this state is, instead of traveling to other states and countries.
Restaurants have varying degrees of limited outdoor seating and indoor dining....
Less road miles driven means less accidentals, auto repair and simple maintenance like oil and tire change
The unemployment rate is going down because a number of potential workers stop looking for work. They drop out of the calculation which makes the unemployed rate look like it is decreasing.
The unemployment rate is quite low (3.9%).
What does in means, that almost all people who want a job, got it.
The problem is that people do not want a job now!
(So called job participation rate is all time low!)
They got all the subsidies and they are scared from Covid.
The jobs are not too fun, because of the CRT. There is a lot of discrimination going on in workplaces.
People, who happened to work right now are all stressed up. Everybody I know wants to quit! It is just not the right time to work.