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