This messed-up labor market is finally producing rising wages. But companies are able to pass them on with higher prices: beginnings of an inflation spiral.
A sign of how messed up the moving parts of the economy have become, amid massive excesses and distortions connected by malfunctioning gearing.
Job Openings in Manufacturing, Other Sectors, Spike to Record as Companies Struggle to Hire while 16.2 Million People Still Claim Unemployment Benefits.
The bizarre phenomenon of companies complaining about “labor shortages” amid dropping job applicants, while 9.8 million are “unemployed,” and 16.2 million people claim unemployment benefits.
Bringing back permanent job losers took years the last two times, and it hasn’t even started yet.
February confirms: V-shaped jobs recovery petered out in October about two-thirds into it.
Down 11 million jobs from pre-Pandemic trend. Like the overall economy, the job market has split in two.
Fraudulent payments by California could exceed $20 billion. New security measures to prevent fraud cause delays in payments that triggered a new hullabaloo.
“Lower interest rates reduced our earnings in 2020 and will put pressure on our profitability this year.” After having promised, no layoffs in 2020. But this is 2021.
Corporate cost cutters salivate over working from anywhere. Oh my, the free gourmet cafeteria is gone. Companies already said they’d cut salaries if folks move to cheaper locations.