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A tale of 2 labor markets

POLITICO
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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. ....

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Are you a Larry Summers or a Jerome Powell? Inside the debate over "overheating" the economy.

Are you a Larry Summers or a Jerome Powell? Inside the debate over "overheating" the economy.
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Twilight of the macroeconomic nerds? - The Washington Post

On the revolution in fiscal affairs. ....

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