I looked at the department of labor's website for hard numbers. May 2021 U-3 unemployment is below 6% and seems like a very, very typical level for any point over the past 20 years. If someone is saying "I can't hire people because no one wants to work"...I'm having trouble seeing how that's any more true now vs. in 2014, 2006, or 1999.
Sure, there's an increase in people collecting unemployment vs 2 years ago but those were at historically low levels. What we have today seems much, much more normal/typical.
I looked at the department of labor's website for hard numbers. May 2021 U-3 unemployment is below 6% and seems like a very, very typical level for any point over the past 20 years. If someone is saying "I can't hire people because no one wants to work"...I'm having trouble seeing how that's any more true now vs. in 2014, 2006, or 1999.
Sure, there's an increase in people collecting unemployment vs 2 years ago but those were at historically low levels. What we have today seems much, much more normal/typical.
Labor force participation did drop 2% pre->post covid: https://www.bls.gov/charts/employment-situation/civilian-lab...