Every business I see is hiring. Businesses are shortening hours because they can't find people to work. Why?
Why is there a labor shortage? This makes no sense to me.
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Ver generous unemployment benefits - are you aware of any datasets that have "total people currently receiving unemployment" over time? All I have found is weekly 1st time unemployment claims
early retirement due to mandate bs
a lot of illegal skilled labor went back to sit things out but found with their skills, they have a decent place in their societies. same thing happened after 08.
notice most of the shortages are in very highly skilled category or the low middle/entry income.
Labor market mismatch is the term:
The most recent World Economic Outlook for April 2022 just released by the IMF has some evidence here, suggesting four possible hypotheses for the current labor market:
(1) labor market mismatch—discrepancies between the types of vacant positions and the skills of job seekers; (2) health-related concerns, which may be a strong driver of the withdrawal of older workers from the workforce; (3) changing job preferences among workers, which may account in part for historically high quit rates—a phenomenon sometimes called the “Great Resignation”; and (4) school and childcare center disruptions leading mothers of young children to exit the labor force—the “She-cession.”
https://conversableeconomist.com/2022/04/21/the-current-puzzle-of-labor-markets/
yea no shortage for highly paid work from home middle managers.
the early retirees aren't difficult to replace. it's their skilled/productive replacements that are difficult to replace
You need to look for the U-6 dataset.
What Is the U-6 (Unemployment) Rate? The U-6 (Unemployment) rate measures the percentage of the U.S. labor force that is unemployed, plus those who are underemployed, marginally attached to the workforce, and have given up looking for work. The U-6 rate is considered by many economists to be the most revealing measure of the true state of the nation's employment situation.
https://www.investopedia.com/terms/u/u6-rate.asp