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Unemployment is high, yet businesses are struggling to find workers Here are 5 ways to make sense of that

Unemployment is high, yet businesses are struggling to find workers Here are 5 ways to make sense of that
orlandosentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandosentinel.com Daily Mail and Mail on Sunday newspapers.

4 Reasons Why Unemployed Workers Aren t Returning to the Labor Force

Spencer Platt/Getty Images The New York Times reported on four reasons that might account for that disconnect. These include jobless benefits disincentivizing people to work and pandemic health concerns. The pandemic cost millions of Americans their jobs, and while the Bureau of Labor Statistics found that 9.7 million of them are actively seeking work, businesses are reporting significant labor shortages.  Weekly jobless claims are at a pandemic-era low just this past Thursday, but businesses, particularly in the restaurant and service industries, are still struggling to hire. The American Restaurant Association has found that staffing at full-service restaurants remains down 20%, or 1.1 million openings, from the year-ago level, but staffing is even down at firms that want to rehire workers.

Unemployment high, yet businesses struggle to find workers Why?

Government statistics suggest there should be a plentiful supply of would-be workers. But many businesses say they face a potentially catastrophic inability to hire. What explains the disconnect?

Unemployment is high, yet businesses are struggling to find workers Here are 5 ways to make sense of that

Unemployment is high, yet businesses are struggling to find workers Here are 5 ways to make sense of that
baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.

Landlords Should Take RAFT It s the Law - Banker & Tradesman

Housing Stability   The Census Household Pulse Survey asked renters in March how confident they were in being able to pay April rent. Twenty–seven percent of Massachusetts renters were not confident, the lowest percentage of any state except for Vermont. With all due respect to Vermont, where housing costs are not as high, our COVID-19 housing safety net in Massachusetts may be the best in the nation.  The program Residential Assistance for Families in Transition (RAFT) has, in less than a year, ramped up to be the preeminent (and movingly named) housing stabilization service of the pandemic. So far it has generously covered over $50 million in rent arrears and going forward stipends. Thanks to federal largess, it is expected to cover $1 billion over the next year, the entirety of pandemic housing, up to 15 months per impacted household. 

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