The linked piece below points directly to the virus….
True….
And the linkage …direct and indirect is wide….
It may be antidotal but?
It seems a LOT of employers cannot FIND people to work….
The idea that EVERYTHING is going back to normal at warp speed in my mind is wrong…
Some places some people continue to make more money collecting benefits….
Some people are NIT ready to go back to work after changing their routines for a year…
A LOT of bussineses closed and won’t reopen resulting in lost jobs….
Some businesses found out they could operate with less people….
Kids are out of school….
Somebody has to stay home with them….
Just some views from an ole’ dog….
Economists said the uptick was concerning but cautioned that it was too early to tell whether it was a one week aberration or telegraphed a more concerning turn for the labor market.
“The unexpected bump in claims could be noise in the system, but it’s also not hard to see how the rise of the covid-19 delta variant could add thousands of layoffs to numbers that already are double what they were pre-Covid,” said Robert Frick, corporate economist at Navy Federal Credit Union….
…
“There’s definitely a correlation, however loose, that the rise in covid does cause a rise in claims,” he said. “My fear is that the rise in the delta variant could cause claims to go back up…Certainly one week doesn’t show that. But I wouldn’t be surprised if we start to see claims rise.”…
There are massive resignations in many industries as people are changing jobs at record levels. In some cases, it is because people are now required to come into the office and they don’t want to do so. I just lost one of my employees for that reason.
Yup Z….
Things HAVE Changed in the job market…..