Hiring was much weaker than expected in April. Wall Street thinks it’s a blip, but there could be much deeper rethinking going on of what jobs are needed and what workers want to do on a daily basis.
— Read on www.washingtonpost.com/business/2021/05/07/jobs-report-labor-shortage-analysis/
People had to completely reimagine their lives and businesses during the pandemic. It’s not too surprising that things would not bounce back to exactly how they were before. It’s a lot of work to transition models. Plus, change isn’t instantaneous.
For hiring to pick up, customers will have to come back leading to a pinch in supply and motivating companies to try to get people back.