Quote:
Originally Posted by thinkxingu
WSJ reported yesterday that Missouri, the first state to cut additional unemployment benefits, "saw an uptick in applications." Looking at the graph (which shares the same slope as the US on the whole) and anecdotal evidence presented (interviews with two employers with mixed results), it certainly doesn't appear as clear as they make it sound, so it'll be interesting to see future reports from other states.
Side note: the governor's office website has NH unemployment as of a week ago at 2.5%. That certainly doesn't sound like a problem with people "staying on the government dole," so what gives with the "hard to find help" narrative?
https://www.wsj.com/amp/articles/ame...ts-11624786202
https://www.governor.nh.gov/news-and...nt-rate-nation
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Unemployment numbers are a very confusing mess and not indicative of much except to watch the trend if they are increasing or declining.
But as a legitimate measure of percentage of people working or not and any organizations ability to attract and retain staff, they are virtual worthless numbers.