There are new concerns that President Biden’s $1.9 trillion coronavirus stimulus package is already harming the labor market recovery.
While job openings and postings are increasing, there is an issue with the number of applications as labor participation currently stands at 61.4%, with an unemployment rate of 6.2%. People are not applying for jobs as they should be as they collect stimulus checks and enjoy a work-free lifestyle, all on the backs of taxpayers.
There are many jobs available in manufacturing, trade and transportation, logistics, and the professional sector. But employers have difficulty sourcing workers.The latest comments from the Federal Reserve […]
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