48 days ago • Posted by Jasper Lawler

Did Joe Biden screw up the US jobs market ?

OK it's a little more complicated than that BUT there does seem to be evidence that jobs are available but people are opting not to take them - likely because of fear of exposure to the virus but perhaps in part because generous unemployment benefits make the risk/reward of working not worthwhile.

Consumers, business owners, and job postings are all telling the same story.

Chart source: @HayekAndKeynes

Did Joe Biden just screw up the US jobs market ?