Schools Closures and Elderly COVID Fears Behind Labor Shorta

The labor picture in America right now is confusing, especially following a dismal jobs report.
It's hard to determine what's the driver behind the labor shortage; some blame UI, others childcare.
Economists at UBS say school closure and COVID fears may be main reasons behind the lack of labor.
The labor picture in America right now is, in a word, confusing. With reopening fueling hopes of an economic boom, April brought a surprisingly dismal jobs report, with gains primarily concentrated in the hard-hit leisure and hospitality industry.
The reactions from different sectors have been swift. Nearly 20 GOP-led states have announced they'll halt their participation in additional unemployment benefits, subscribing to the theory that higher UI benefits are keeping people out of the workforce.

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