Posts tagged COVID-19 relief

    Opinion: An unprecedented labor shortage

    July 26, 2022 // There are 50% more job openings today than at any time before the pandemic. The unemployment rate is near a half-century low. So how did that happen? A combination of government policies that simultaneously reduced the supply of workers and stimulated demand for goods and services. There are 755,000 fewer people employed today than at the start of the pandemic, despite an increase of 4.2 million in the population of people ages 16 and older. employment-to-population ratio, labor force decline, Social Security, welfare-without-work, federal subsidies, Recognized Apprenticeship Programs, Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, education alternatives, encourage flexible work

    What Is Happening in This Unprecedented U.S. Labor Market?

    December 8, 2021 // SUMMARYNever before has the United States experienced a labor shortage of today’s magnitude. Particularly extraordinary is that the current labor shortage exists alongside still-high unemployment and rising compensation packages, which should spur more workers into jobs. The employment gap equals about 5.8 million workers—3.7 percent of the workforce. Government policies enacted in the name of COVID-19 relief seem to have consistently held employment back, and the looming multitrillion-dollar tax-and-spend, central-planning package threatens to cement the weak employment market.