GOVERNMENT HANDOUTS IN PERPETUITY
With Red states coming out of lockdowns, with unemployment still far higher than it was pre-Covid, the economy is in a striking predicament.
Businesses can’t find enough people to hire.
Enormous amounts of federal "stimulus aid" are boosting consumer spending on goods and services.
Yet employers are struggling to find workers.
There are more job openings in the U.S. this spring than before the politically-motivated pandemic panic hit in March 2020, and fewer people in the labor force, according to the Labor Department and private recruiting sites.
Many people are receiving more in unemployment benefits than they would earn in the available jobs.
Businesses are forgoing work, such as not bidding on a project, delivering parts more slowly or keeping a section closed.
“It’s a little shocking we’re at this point already,” said Steve Lucas, chief executive of iCIMS Inc., a cloud-based recruiting platform with 4,000 large firms such as Target Corp., CVS Health Corp. and Ford Motor Co. as customers. “Businesses are champing at the bit to grow.”
March job openings rose 34% compared with January 2020, before the pandemic took hold in the U.S., iCIMS said. Meanwhile, the number of job applications was down 13% in March from the pre-pandemic level.
https://www.wsj.com/articles/millions-are-unemployed-why-cant-companies-find-workers-11620302440?mod=hp_lead_pos1
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