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I can’t get my ride on mower serviced because the mower shop is backlogged for months and they can’t seem to find any mechanics willing to work on small engines or drivers to pick up the mowers. I know the small breakfast joints around here are short staffed. Also the schools are having hard time finding custodians. The septic pumping business I use had a few retirements and they are down to just two employees including the owner. What are the young people doing? They don’t seem to be flocking to undesirable employment. I guess some Americans don’t want to do certain jobs.
They are doing their own thing via the gig economy.
That is why the Fed is so hell bent on tracking money $600 and up.
The gig economy is close to $300 billion in value now.
The younger generation are just not going for traditional jobs
I'm seeing about a 1 1/2% drop and you want me to scream "the sky is falling" for that?
As you stated, it has flattened out for the past 6 months and the recession of 2008 was in the 2% range. I hardly think the mandates will drive things up another 1/2%, but you do you. Hopefully you realize the LPR during the "booming economy" between 2016-2020 only went up a whopping 1/3%.
I swear, the fear mongering on both sides of this issue will never stop.
The point is that over time the participation rate is trending down, not up.
US population is trending up.
So the US is getting more populated yet less are participating in the labor force.
Welfare is over $1 trillion a year now (all programs).
The great power grab is in full swing.
That’s what is happening. This is planned.
Subliminal and blatant.
Crash the economy and then the government comes in to save the day.
Via regulations and mandates and golden carrots hanging from a stick.
Wash, rinse, repeat. Obama 2.0
We are still off from the pre-pandemic highs, & we've stagnated. The most recent month reported (September) shows a decline. This is a key metric to monitor monthly as the feds release the data.
If the gov't & employers keep mandating vaccines, & masks, the LPR will continue to decline, & a recession will result.
The 2 other key metrics to monitor is consumer confidence, which has been in decline since April, & inflation, which is rising fast.
Soon, instead of people resigning from their jobs, the jobs will just dry up due to a deep recession that will not ease until after the 2022 elections; when the political tides shift.
Breaks my heart bc we were on a nice upward trajectory right before the pandemic and wages were rising. Probably the most hopeful I've ever been, now socialists seized power and are attacking capitalism and success. Depressing times.
Breaks my heart bc we were on a nice upward trajectory right before the pandemic and waves were rising. Now socialists seized power and attacking capitalism
Yeah, I don’t know about “greatest economy ever” as Trump would say, but we were doing pretty good there for a while.
The great power grab is in full swing.
That’s what is happening. This is planned.
Subliminal and blatant.
Crash the economy and then the government comes in to save the day.
Via regulations and mandates and golden carrots hanging from a stick.
Wash, rinse, repeat. Obama 2.0
LOL you guys always give me a good early morning chuckle.
Breaks my heart bc we were on a nice upward trajectory right before the pandemic and wages were rising. Probably the most hopeful I've ever been, now socialists seized power and are attacking capitalism and success. Depressing times.
Wages are still rising. It's in the BLS report but I guess the MSM forget to tell people ?
I'm seeing about a 1 1/2% drop and you want me to scream "the sky is falling" for that?
As you stated, it has flattened out for the past 6 months and the recession of 2008 was in the 2% range. I hardly think the mandates will drive things up another 1/2%, but you do you. Hopefully you realize the LPR during the "booming economy" between 2016-2020 only went up a whopping 1/3%.
I swear, the fear mongering on both sides of this issue will never stop.
A 1.5% drop in labor participation ~24,000,000 of workers not working, so absolutely, its very bad indeed.
1/3% rise in LPR over a 4 year span is ~5,500,000 more Americans working, so is good.
Trump's labor participation rates were the highest in decades (especially for Blacks), & now Biden is flushing them all down the toilet. Workers are now resigning, staying home, and instead jumping into the gig economy, where they are not all being counted.
As the number of opportunities increases, the number of job changes increases.
I have held a number of jobs in the last fifty years, that means I quit a number of times. None of this suggests I am lazy or angry or anything like that, but instead it reflects opportunity.
It can be painful for employers who naturally suck. Like the one's who are always looking for ways to cut pay and benefits. Yeah, people will leave if they get an opportunity.
A good example is John Deere. They workers gave back wages and benefits when the company was hurting, but now the company is making record profits and they want to introduce a two-tiered pay structure! In other words, they want to screw over the new employees and pay them less than the current employees. This in a tight jobs market?
Many companies are like that, looking to pay less for hard work, then complaining when people quit.
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