All over America “help wanted” signs proliferate. Radio and television ads promise big bonuses, satisfying benefits, and career advancement. There are fewer takers than anyone expected. Is this simply anther pandemic supply dislocation, or is there something deeper going on within the American labor force? As of last week, there were 9.2 million unfilled U.S. job openings, according to the U.S. Bureau of Labor Statistics, while the number of unemployed stood at 9.5 million. And contrary to the hysterical claims of Republican politicians, enhanced Federal unemployment benefits are not the cause of this imbalance. A month ago, I wrote a…
Insights & Advice
Tag: U.S. Bureau of Labor Statistics
CAPITAL IDEAS: With stimulus coming, hope for ending the ‘she-cession’
According to McKinsey & Co., women have accounted for 54 percent of COVID-19-related job losses, despite making up only 39 percent of global employment. It’s being called a “she-cession.” In the U.S., working mothers have had to endure balancing work and childcare. The same is true for many fathers. However, the responsibility of childcare and remote schooling has mostly been that of mothers, according to U.S. Census real-time, time-use studies. According to the Labor Department, by the end of 2019, women’s gains in the U.S. workforce pushed the number of female workers higher than males. In particular, the growth of women’s…