Low job take-up is not a result of a labor shortage, the former labor secretary argues, but American workers demanding better wages and childcare support.
Bureau of Labor Statistics numbers released on Friday showed that U.S. employment increased 194,000 in September—about 300,000 shy of estimates.
Some have described the issues as a labor shortage."But that's not what's really going on," Reich, who served as labor secretary from 1993 to 1997 during theLabor Secretary Marty Walsh Perplexed by Worker Shortage"In reality, there's a living wage shortage, a hazard pay shortage, a childcare shortage, a paid sick leave shortage, and a health care shortage – and American workers are demanding an end to all these shortages. Or they won't return to work.
In September, the unemployment rate slid to 4.8 percent, the lowest rate since the start of the pandemic; however, one factor that contributed to the drop was that 183,000 people weren't counted as jobless because they did not look for work.
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