A picture is worth a thousand words.
The good news? Job openings soared to an all-time high of 9.3 million. The bad news? There are 2.64 million more job openings than people who want a job.
It would seem that employers will have to pay a premium to attract those who claim to want to work, but aren’t in the labor force.
Just like most jobs reports, the jobs are mostly low income jobs like restaurant and bar tender jobs. Or entry-level manufacturing jobs.
Why is Powell And The Fed keeping so much monetary stimulus going? And why does Biden want to pump $8 trillion into an already overheated economy?
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