The nation added 390,000 jobs in May, per the latest federal data, the lowest gain of the last 12 months and leaving America still 800,000 short of the pre-pandemic level. Yet employers are desperate to hire more, with a survey last week finding that hiring is the No. 1 worry of US small businesses, higher even than inflation.
One huge missing piece of the puzzle: the millions who’ve left the workforce entirely, with the unemployment benefits that Democrats extended even after the economy was recovering a huge cause.
It’s not that they’re still getting checks; it’s that when people don’t work for a year or more, many of them give up, or just never go back; some retire early, on a far more limited budget than they’d once planned. (Continued COVID hysteria gives people over 50 another reason to stay home, too.)
Count it as yet another lasting cost of the excessive lockdowns and the politicians’ desire to send out checks in the name of “helping.”
The proof: The US labor-force participation rate, which measures how much of the working-age population is employed or looking, stands at just 62.3%, well below the pre-pandemic level.
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https://nypost.com/2022/06/04/america-isnt-working-thanks-to-covidiocy-and-bidenomics/
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