Economic Report: Record job openings and higher pay still not enough to get Americans back to work
Theres something funny going on in the U.S. labor market. Businesses are desperate to hire and theyre raising wages to attract workers, but they still cant find enough people to fill a record number of job openings.Read: Better, but still not booming- economists react to May jobs report
At the current rate of hiring, it would take 14 months to recoup all the jobs lost, never mind a few million extra jobs that would have been created had the pandemic never happened at all.
Making matters worse, people…
