Employment Looking Better But Labor Market Will Remain Tight

  • 📰 Forbes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Employment looks much better in the latest jobs report. But the labor market will remain tight for a while, and the long-run trend, driven by demographics, will keep hiring difficult throughout this decade.

Child care has been a problem for some people, given school closures. But detailed data show that women are increasingly working or looking for work.

Our next hypothesis is that bonus unemployment insurance payments have kept people at home. The regular unemployment insurance pays about half of the prior wage, with details varying by state. Congress authorized an extra $600 a week last year, now $300 a week, due to expire in September. People who had been earning less than $15 an hour are better off with the bonus unemployment than returning to work.

Another hypothesis for workers not applying for open positions is past stimulus payments. Some people work when they need money, and they won’t go looking for a job until they run out of cash. Stimulus checks went out in December 2020 and again in March 2021. For non-working people, most of the money has probably been spent by now, though possibly not be those also receiving the bonus unemployment benefits. Time will reduce the number of people influenced by the direct stimulus payment.

 

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

우리의 영생을 위해 이 시간을 활용해서 이 땅에서 잘 준비하는 것이 중요합니다 RedemptiveBlood

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 US

United States United States Latest News, United States United States Headlines

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

More small houses being listed is sign of improving housing marketMore small houses are starting to hit the market, and it's another sign that the bonkers housing market is starting to get a little better We’re taking on new investors to introduce our new options to earn daily and massively, all in the security of your own personal wallet. All of these; - Without a third party access or interference - Earning a guaranteed return minimum of over 5.2% ROI daily! DM if interested
Source: BusinessInsider - 🏆 729. / 51 Read more »