Labor shortage......again!

Labor shortage......again!

Jan 21, 2022

214 Views

0 comments

We know that you're probably tired of reading about the labor shortages as much we are covering, but here we are again. As we were slowly getting back into the rhythm of reviving the country from covid, the Omicron variant demolishes the entire structure like a tower of Jenga. 

The latest data released by the Census Bureau's Household Pulse Survey, between December 29 and January 10, nearly 8.8 million workers reported not working because they were down with the virus or caring for someone who was. The number had nearly doubled compared to the last batch of data collected at the beginning weeks of December. Diane Swonk, an economist at an accounting firm Grant Thornton said "Unfortunately, the biggest issue about Omicron is its no longer just fear of contagion and aversion to in-person activity, but it's actually causing acute labor shortages from the sheer number of people who are sick of it." Even places like the Smithsonian, museums and zoos are reducing the number of functioning hours due to staffing shortages. 

At the same time, the number of first-time applicants to unemployment claims swelled last week to 286,000 reported by the Labor Department on Thursday. The jump is 55,000 from the figures last week, the highest since October. 

Source: The Washington Post 

Previous days news

Comments

    Article
    10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis

    Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...

    The Unionization Wave

    From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...

    These Companies Are On Holiday Hiring Spree-Are You Ready?

    The current unemployment rate in the US stands at 6.7%, which is almost double the rate in February ...

    COVID-19 - 6 Challenges Staffing Firms Are Likely to Face

    Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...

    Show more news