On the menu today: As the Biden administration is mystified by low hiring last month, we’re left wondering if they’ve tried talking to employers; Meanwhile, already-high gas prices are expected to jump again, in part because hackers have managed to shut down the most important oil pipeline on the East Coast; and in sad news, a farewell to a former boss.
Boy, some Washington Post copy editor must’ve enjoyed writing this headline: “GOP governors slash jobless aid to try to force more Americans to return to work.”
The most updated information we have on job openings nationwide from the Federal Reserve is for February, and that month, the country had 7.36 million job openings. We bottomed out in pandemic-driven closings in April 2020, with just 4.6 million job openings. In March, the National Federation of Independent Business survey found 42 percent of owners reported job openings that could not be filled, a record-high reading.
Democrats and their fans in the media keep insisting that the expanded unemployment benefits passed during the pandemic to help people get through have nothing to do with last Friday’s abysmal jobs numbers.