The Labor Market Is Tight Despite High Unemployment

  • 📰 Forbes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Finding workers is hard despite the high unemployment rate, because many jobless folks don't match the skills needed, don't want to shift occupations or prefer to collect unemployment. Business focus on retention should be top priority.

In the pandemic recession even more parents left the labor force to take care of their children because schools were closed.

These decisions interact with unemployment benefits to alter behavior of some people. The usual benefit structure provides less income for the unemployed than they would earn working. The $600 bonus paid out in the early months of the pandemic put more money in many unemployed people’s pockets than they had been earning. The current $300 bonus and Biden’s proposed $400 weekly bonus similarly erode work incentives, though not as badly as the old bonus.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bad reporting because it’s incorrect

This is more lies. These people just want cheap labor.

Please help us for Revoke PP 10014,10052🙏🙏🙏 VD winner 2021

You know nothing about the labor market theres jobs everywhere none can get enough help at most warehouses

Keep telling us crypto and Elon bad

Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisaMakT for transparency and trust.

Canada Canada Latest News, Canada Canada Headlines