#WR: The people who do not want to work! @WSJ in the last editorial titled "The Supply-Side Jobs Slowdown" says: “When you pay people not to work, guess what? Many people don’t. Employers added a net 266, 000 jobs in April…” The expectations of economists were more than 700,000.
The Wall Street Journal added: "The report wasn’t a total washout, as private payrolls grew 218,000, mostly from leisure and hospitality jobs (331,000) as the lockdowns continued to ease. But there were large losses in temporary positions (-111,400), couriers (-77,400), food and beverage stores (-49,400), and nursing homes (-19,500). Some of this reflects a reallocation of jobs as businesses reopen and consumption shifts."
This was my blog comment in the bottom of this Editorial "If you pay people to remain at home, off course the people will not go to work. In the end, the economic cycle is damaged." May 8, 2021 8:05 PM | 9 Likes
SOURCES: The Wall Street Journal
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