This is self-evident…..
Walk down any street in America and you will see ‘Help’ Wanted’ signs in the window’s of stores big and small….
All this the economy is coming back is at a common sense view bull shit….
Million’s of people stopped working….
Million’s of people are NOT in a hurry to go back…..
And bosses trying to force people ain’t working…..
Not when they made more money NOT working either….
This is NOT just about the virus….
It’s also about low wages…..
The American economy slowed abruptly last month, adding 235,000 jobs, a sharp drop from the huge gains recorded earlier in the summer and an indication that the Delta variant of the coronavirus is putting a damper on hiring.
The Labor Department report on Friday follows a sharp increase in coronavirus cases and deaths that has undermined hopes that restrictions on daily activities were nearing an end.
The unemployment rate was 5.2 percent, compared with 5.4 percent in July. Economists polled by Bloomberg has been looking for gain of 725,000 jobs.
“There’s no question that the Delta variant is why today’s job report isn’t stronger,” President Biden said. “I know people were looking, and I was hoping, for a higher number.”….
The ranks of the long-term unemployed shrank last month. But millions of Americans are still struggling to return to work as the federal government prepares to cut off the aid that has kept many of them afloat.
About 3.2 million workers in August had been unemployed for more than six months, economists’ standard definition for long-term unemployment. That was down from 3.4 million in July, and from a peak of 4.2 million in March. But it is still triple the level before the pandemic.
The official figures almost certainly understate the actual total because they exclude people who aren’t actively looking for work. That has been a particularly significant issue during the pandemic because child care issues, health concerns and other factors have kept many people from the work force.
Economic research has shown that once workers have been unemployed for more than six months, they have a harder time finding jobs. That has consequences not just for the workers themselves but for the economy as a whole, making it harder for overall employment to return to precrisis levels….
Walmart is raising hourly wages for about 565,000 workers in the latest example of a large employer trying to attract and retain employees in a challenging labor environment. The pay raise, which will total at least $1 an hour and will take effect Sept. 25, will apply to workers in departments such as food and general merchandise. The company’s average wage will rise to $16.40, Walmart said, though its minimum wage still lags that of other large retailers such as Target and Amazon. As of Sept. 25, Walmart’s minimum starting wage will rise to $12 an hour from $11…..