Quote:
Originally Posted by FlyingScot
Sadly, data charts in the article will not copy.
Yes, we agree that people are supporting themselves with better jobs, and I also know underemployed low wage people who would not have been underemployed years ago. But more broadly for the economy as a whole, the Great Resignation of people leaving the work altogether is gone. Workforce participation adjusted for demographics, etc is back to normal.
The labor shortage today is not a Great Resignation (of people checking out), it is lack of immigration, demographics, and in certain areas such as ours, a tough housing shortage.
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I just heard tonight that yesterday's report showed 3.6% unemployment, historically low, which might support your comments. In any case, it's not cool.
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