America's job market is sick. For it to get healthy, workers will need to get some 'bad' news.

The US job market is in an interesting place. Despite a pick-up in jobs growth, payroll employment remains about 6.7 million its pre-pandemic peak and roughly 9.5 million below the trend if hiring had continued at the same pace, indicating a significant degree of slack. On the other hand, several widely followed metrics indicate a tighter labor market than meets the eye., the second-highest level on record after the last month.

Reactions to this boost in wage growth have ranged from celebration — real wage growth has been quite sluggish for many workers for years — to glib:"You're running a restaurant that can't pay up to find help? Find a new line of business."describe the current situationWhy is the current state of affairs not surprising? Demand for workers has surged. For example, job openings have jumped.

At this point, rooting for this dynamic to continue is like rooting for the negative supply shock in the labor market to not go away. If quits and wage rates accelerate from here, that would be more bad than good news at this point, indicating a slower return to normal in the labor market. Put another way, for wages to keep ripping higher, that means fewer people are coming back from unemployment. Those in the job market may gain, but at the expense of the people locked out.

I do not view this as a bad thing. In the years before the pandemic, quits were rising alongside rates of labor force participation. During the pandemic the two, somewhat uncharacteristically, went in opposite directions. The participation rate will rise.

RenMacLLC Despite the fall and rise of bitcoin am still earning from it via mining ⚒ and trading 💹 of Bitcoin, this not the time to sell this is the time to invest Contact abrantesrene and invest your coins, i $50000 investing $20000

RenMacLLC For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Lucille610406 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Job Openings Are at Record Highs. Why Aren’t Unemployed Americans Filling Them?A mismatch between available workers and job openings is plaguing the labor market as potential employees leave cities or industries where businesses need them most. It’s called fucking being lazy!!! People now days wouldn’t survive back when. When I started out (25 years ago), you worked because you had too! Even if that meant two jobs, people now days just sit around and wait for that free money!! You can't get kicked out for not paying rent and the government is handing out cash to not work. This isn't rocket science. There aren’t any decent jobs anywhere near where I was forced to live when there weren’t any decent houses available last year. 🤷‍♂️
Source: WSJ - 🏆 98. / 63 Read more »

The trucking industry is doubling down on booting marijuana smokers, and it's getting a little ridiculousBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. 🧃😂Mr BitBoy $hitcoinery Bitcoin As nonsmoker, I think the cannabis industry is a good investment opportunity.
Source: BusinessInsider - 🏆 729. / 51 Read more »