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GOP governors who ended unemployment benefits failed to spur job growth: September numbers — Jon Skolnik

Summary:
So much for that assumption.The results are coming in. Why won't people go back to work? Fear of COVID, inadequate compensation for the work and risk, and matching skills with requirements — a lot of people report seeking work to meet their qualifications and not finding any reasonable offers. People are reluctant to take a job that promises either a downward trajectory or getting stuck in work that is beneath their level of experience, ie., under-employed. It's not a simple as comparing the number of job openings and people who are unemployed, as many seem to presume.AlterNetGOP governors who ended unemployment benefits failed to spur job growth: September numbersJon Skolnik

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So much for that assumption.

The results are coming in. Why won't people go back to work? Fear of COVID, inadequate compensation for the work and risk, and matching skills with requirements — a lot of people report seeking work to meet their qualifications and not finding any reasonable offers. People are reluctant to take a job that promises either a downward trajectory or getting stuck in work that is beneath their level of experience, ie., under-employed. It's not a simple as comparing the number of job openings and people who are unemployed, as many seem to presume.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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