President Biden on Monday stressed that the slowdown of hiring nationwide last month is not an indicator that his administration’s American Rescue Plan is ineffective, and disputed the notion that unemployment insurance is hurting the job market.
Someone had a good point today where they pointed out that 600k to possibly 900k Americans died this past year. Perhaps that has had an effect on the number of people wanting a job.
I remain baffled that anyone could be surprised that the employment numbers were low.
Where I live, the pandemic isn’t over. Daily cases are above last summer’s peak, I got my first jab four days after I became eligible and I just got my second yesterday- so our pandemic-driven reductions in spending haven’t changed.
Oh, and I haven’t increased my hours at work yet because the m-f-ing schools still aren’t back to normal. My kids go in-person for 2 hours and 45 minutes a day. Which you can only manage if a parent is home all day.
So yeah “No one could have predicted this”. Except everyone who has an actual job.
Crap wages is taking care of it quite nicely.
Because at the end of the day forecasts are educated guesses
That is how it has always worked
When I was younger I would apply for EDD benefits the day after a project ended. I wanted to work, the benefits gave me the space to find suitable employment instead of jumping at some dead end out of desperation.
Oh sure you can prove anything with facts
typical trick of liberal elites.
“Look, it’s easy to say the line has been because of the generous unemployment benefits that it is a major factor in labor shortages.”
OK, once again – and very slowly for cognitively impaired pundits:
The unemployment rate is – by definition – a measure of Americans seeking work.
If unemployment rises, it means more Americans are seeking work.
Unemployment rose.
Ergo, more Americans were seeking work than before.
If fewer Americans were seeking work because of generous unemployment benefits – or for any other reason – then unemployment would fall.
This is not hard unless you have brain damage or a vested interest in lying.
Cue Rethuglican Chorus of "It’s all Biden’s Fault " in 5…4…3…
Also, for some reason, it doesn’t count it as “seeking” if you search for stuff online (where everyone looks for jobs these days), but don’t submit an application for a job. Whether or not there’s any job that you’re qualified for or is of interest to you.
Really wish they’d stop fucking with the metric and make it a measure of total people without jobs, subtracting only whatever subset who, for medical reasons, can’t be employed.
The notion that there’s a bunch of lazy fucks who don’t want to work, therefore we shouldn’t count them as unemployed, is one of the more insidious bits about our statistics.
To be slightly fair, although there are variances in rules between States, I believe at least most if not all have some requirements built in that the recipient has to be actively seeking work to remain eligible for benefits. Some of those may or may not match the federal statistics definitions, but overall would expect that to be a nominal impact.
One way or another we will find out in September when the extended UI does run out. I have two nephews who drive Uber/Lyft’s and they’ve both said they are going to collect as long as possible.
I am halfway to tears, listening to my President explain in a thoughtful, reasoned fashion what’s going on with the economy. No tweets, no call-ins to Faux Snooze…it’s so refreshing.
Boring. You mean boring. Been four fucking months without some federal building taken over by insurrectionists. Barely even watch the news anymore.
With respect to Montana - it had been reported that the were instances of insufficient worker pool - last year … before COVID was a thing … they simply don’t have enough people to fill all of the menial jobs.
I personally know of bartenders, cooks, servers who needed to support themselves and left the industry all together. UI isn’t why restaurants are hurting, pay is.
The vast majority of them who died most likely were elderly and not working.
Sure, there will be some exceptions with some working people dying, but about 80% were elderly and/or had other health issues.
. Adults 65 and older account for 16% of the US population but 80% of COVID-19 deaths in the US
Pay is going to have rise a lot among the lower paid. Inflation, which doesn’t exist according to our government, is going to be a factor when everything is figured into the equation.
Everything is going way up in price. Even grains. Corn is over $7 a bushel and the rest of the grains are elevated in price from a few months ago. Add in higher prices for housing, rent, autos, groceries and etc.
These people who have doubled their income with extra unemployment benefits are going to be okay until the extra checks stop coming in. Then they’ll be the same boat as the lower wage earners who are still working. And …are those extra UE benefits taxable?
Leftover from the popcorn runs on Trump scandals.
I understand that the hospitality and Restaurant industry is having a hard time finding workers, of course these are low paying jobs and finding a place for children who are not in school because of the pandemic is problematic for such positions.
This is just GOP BS who believe low income workers deserve this kind of treatment. Gota make the buck.
