In an economy screaming for labor, the data is becoming clearer, despite breathless media coverage to the contrary.
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.”
“No way did I realize how difficult it was going to be to try and get people to come to work these days”: CEO of CSX.
The Restaurant Industry Reacts to a Messed-Up Economy Plagued by Shortages & Transportation Snags.
The #1 weird phenomenon: The labor force.
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.