Our economy was shut-down for a year, then rebooted with massive, blunt, stimulus and build-better funds. It will take months for the supply-and-demand for both products and labor to rebalance. And it’s no secret the country is facing major labor shortages.
The “new jobs for April” forecast was a huge, over-forecasted miss by nearly every expert. All we know now is that there is a record number of companies short of hourly workers.