The rental market is in turmoil after jobs and people left, and price discovery has set in. Falling rents are a market-based solution to the “Housing Crisis.”
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.
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.
