Home Finance Millions of Americans Out of Work But Companies Can’t Find Workers? Here’s...

Millions of Americans Out of Work But Companies Can’t Find Workers? Here’s Why

63
0
millions-of-americans-out-of-work-but-companies-can’t-find-workers?-here’s-why

source

THE $GPS DAILY VIDEO TO YOU DIRECTLY. SIGN UP FREE:

TheMoneyGPS.com

Employers are struggling to find workers, the question is, why?

$GPS

$GPS INSIGHTS

#1 EMPLOYERS ARE STRUGGLING TO FIND WORKERS.

#2 UNEMPLOYMENT BENEFITS ARE PAYING MORE THAN SOME WAGES

#3 THIS LEADS TO MORE STIMULUS, SO EXPECT MORE INFLATION.

Jobs report April 2021: Hiring boom goes bust

April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.

US job growth slows sharply in sign of hiring struggles

US job growth slows sharply in sign of hiring struggles

WASHINGTON (AP) – The recovery of America’s job market hit a pause last month as many businesses – from restaurants and hotels to factories and construction companies – struggled to find enough workers to catch up with a rapidly strengthening economic rebound.

‘Job Paradox’ Baffles Economists as U.S. Employers See Shortage – Bloomberg

https://www.bloomberg.com/news/articles/2021-05-06/companies-warn-of-u-s-labor-shortages-economists-call-temporary

archive

With 8 mln Americans out of work, why are more companies not filling jobs? | Reuters

With 8 mln Americans out of work, why are more companies not filling jobs?

(This May 6 story corrects name in paragraphs 25, 26 and 27, to Drew Hall, not Richard Bunce) As the economy revs up to meet the rapacious demand of tens of millions of newly vaccinated Americans, employers say they cannot fill their yawning need for labor. Take Alex Washut.

Torrent Of Federal Cash Stifling Return To Work As Fed Repeats Historic Error – In Reverse – Wirepoints | Wirepoints

Torrent Of Federal Cash Stifling Return To Work As Fed Repeats Historic Error – In Reverse – Wirepoints | Wirepoints

It took decades for a consensus to form about the folly of federal policy at the outset of the Great Depression. This time, the reverse blunder and its consequences won’t take long to figure out. They are in plain view already.

U.S. Chamber Calls for Ending $300 Weekly Supplemental Unemployment Benefits to Address Labor Shortages | U.S. Chamber of Commerce

U.S. Chamber Calls for Ending $300 Weekly Supplemental Unemployment Benefits to Address Labor Shortages

WASHINGTON, D.C. – The following statement can be attributed to U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley. “The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market.

Restaurants Serve Up Signing Bonuses, Higher Pay to Win Back Workers – WSJ

Restaurants Serve Up Signing Bonuses, Higher Pay to Win Back Workers

Restaurants spent much of the past year trying to win back customers. Now, they are struggling to win back employees. Nationwide chains and independent eateries alike said they can’t hire enough workers to staff kitchens and dining rooms, just as Covid-19 restrictions relax and more consumers want to eat out again.

archive

Government Grew by 48,000 Employees in April | CNSNews

Government Grew by 48,000 Employees in April

(Photo by Jim Watson-Pool/Getty Images) (CNSNews.com) – Federal, state and local governments in the United States increased their employment by a combined 48,000 workers in April, according to the numbers released today by the Bureau of Labor Statistics. From March to April, the number of workers employed by government in the United States climbed from 21,543,000 to 21,591,000.

Grocers, Restaurants to Suppliers: Hurry Up, Make More – WSJ

WSJ News Exclusive | Grocers, Restaurants to Suppliers: Hurry Up, Make More

Friction between food retailers and their suppliers is adding costs across the food chain. Big buyers including Walmart Inc. and Sysco Corp. are fining suppliers over infractions like late or incomplete orders. Retailers excused such penalties for months during the pandemic when surging demand led to widespread shortages.

archive

Copper jumps to record as growth bets supercharge commodities | The Edge Markets

Copper jumps to record as growth bets supercharge commodities

Copper soared to an all-time high as optimism about a global rebound from the pandemic spurs a surge across commodities markets. The metal – an economic bellwether – is front and centre in a rally that’s driven raw materials from lumber to iron ore to multi-year highs or records.

New Record


Copper surges to all-time high on record bet


No Title

No Description

Stock market may be misreading what weak jobs report means for the Fed

The stock market may be misreading what this weak jobs report means for the Fed

The much weaker than expected April jobs report reinforces the Federal Reserve’s easy policy stance, but some strategists still expect the central bank to signal in the next couple of months that it will slow down its bond buying.


People are giving up on going back to work it seems and the unemployment rate actually rose slightly! More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.


— APPENDICES —

— The Money GPS: Swaggystocks.com is an interesting look at retail trading. Cut through all the nonsense and simply look at the data (Instagram Feb 21, 2021)
— The Money GPS: Swaggystocks.com shows you exactly what’s going on with the retail traders. Ignore the garbage on the actual boards and just get the data (Instagram Feb 21, 2021)
— The Money GPS: Bitcoin $240,000? (Instagram Feb 17, 2021)
— The Money GPS: TOP 2 TRADES FOR 2021 (Instagram Feb 15, 2021)
— The Money GPS: Commodities for 2021 — Boom or bust? (Instagram Feb 14, 2021)
— The Money GPS: Leave your emotions at the door investing is strictly business (Instagram Feb 13, 2021)
— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)
— The Money GPS: Brandon Dawson. One guy to watch out for as an investor to see what he’s doing and compare. (Instagram Feb 12, 2021)
— The Money GPS: REAL Unemployment Rate 10% (Instagram Feb 11, 2021)
— The Money GPS: Zoom out and see what you’re doing objectively (Instagram Feb 7, 2021)
— The Money GPS: SPAC IPO trend getting out of hand (Instagram Feb 6, 2021)
— The Money GPS: Citadel made lots of money from the retail traders (Instagram Feb 5, 2021)
— The Money GPS: Oil, commodities rising. Price will impact consumers. (Instagram Feb 5, 2021)
— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)
— The Money GPS: Silver rockets higher (Instagram Feb 2, 2021)
— The Money GPS: Silver squeeze next? (Instagram Jan 31, 2021)
— The Money GPS: ETF loses 80% of assets! (Instagram Jan 31, 2021)
— The Money GPS: The Fed will not pop the bubble (Instagram Jan 30, 2021)
— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)
— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)archive
— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)
— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

The Money GPS on Twitter: “Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick. / Twitter”

Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

The Money GPS on Twitter: “BREAKING: “Federal judge overturns national eviction ban”Get ready for more info on this topic. You know that if there are going to be millions more on the street this will be very chaotic, very quickly. pic.twitter.com/9uvF2Svdqd / Twitter”

BREAKING: “Federal judge overturns national eviction ban”Get ready for more info on this topic. You know that if there are going to be millions more on the street this will be very chaotic, very quickly. pic.twitter.com/9uvF2Svdqd

The Money GPS on Twitter: “CHINA SAYS BITCOIN AN “INVESTMENT ALTERNATIVE”. Consider the possibility of a country or central bank dumping 1% of their U.S. Treasuries to buy Bitcoin. If others followed? Not suggesting will happen. I’m just discussing the implications, if any. #crypto pic.twitter.com/JVCnwV2vI2 / Twitter”

CHINA SAYS BITCOIN AN “INVESTMENT ALTERNATIVE”. Consider the possibility of a country or central bank dumping 1% of their U.S. Treasuries to buy Bitcoin. If others followed? Not suggesting will happen. I’m just discussing the implications, if any. #crypto pic.twitter.com/JVCnwV2vI2

The Money GPS on Twitter: “IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #PlayStation5 #playstation #ps5fight pic.twitter.com/hbimVKzeta / Twitter”

IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #PlayStation5 #playstation #ps5fight pic.twitter.com/hbimVKzeta


PLAYLISTS

The Amazon GPS – Mini YouTube eCourse

The Money GPS – How To and Solutions

The Money GPS Easy eCourse

How To Fix the Economy

How To Fix the Economy – Introduction
How To Fix the Economy – Bailouts
How To Fix the Economy – Food
How To Fix the Economy – Central Bank
How To Fix the Economy – Manufacturing
How To Fix the Economy – Financial Markets
How To Fix the Economy – Media
How To Fix the Economy – Overseas Investment


The Money GPS on Twitter: “Going live on #clubhouse at 11am PST / 2pm EST. Make sure to follow me on there and turn the notification bell on so it will pop up when I start the room. I gave away all the invites I had and will give more away as soon as I get them. pic.twitter.com/kF9UV6euK0 / Twitter”

Going live on #clubhouse at 11am PST / 2pm EST. Make sure to follow me on there and turn the notification bell on so it will pop up when I start the room. I gave away all the invites I had and will give more away as soon as I get them.

— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)

The Money GPS on Twitter: “The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT / Twitter”

The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE:  http://TheAmazonGPS.com


LOOK THROUGH MY BOOKS! http://books.themoneygps.com

SUPPORT MY WORK: https://www.patreon.com/themoneygps

PAYPAL: https://goo.gl/L6VQg9

OTHER: http://themoneygps.com/donate


AUDIOBOOK: http://themoneygps.com/store

T-SHIRTS: http://merch.themoneygps.com

MY FAVORITE BOOKS: http://themoneygps.com/books


Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money #finance #jobs

Twitter          Instagram          Facebook


# T h e  M o n e y  G P S

Help us grow. Support The Duran on Patreon!

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

Web Hosting

LEAVE A REPLY

Please enter your comment!
Please enter your name here