So u failed to listen to Fauci announce the Covid hospitalization #’s were falsely recorded ? Always with insults. I’m shocked I tell u… shocked.
Another 370,000 Workers Quit in November, Total Quits Rate Now 4.5 Million
January 4, 2022 | Sundance | 81 Comments
The Bureau of Labor Statistics (BLS) released the November jobs openings and turnover data today [ DATA HERE] showing 370,000 workers quit their jobs in November bringing the quits rate now to 4.5 million people.
From the report, “Quits increased in several industries with the largest increases in accommodation and food services (+159,000); health care and social assistance (+52,000); and transportation, warehousing, and utilities (+33,000).”
Over the 12 months ending in November 2021, hires totaled 74.5 million and separations totaled 68.7 million, yielding a net employment gain of 5.9 million for 2021. However, while the unemployment rate drops with fewer people working, the employment picture overall appears to be tenuous.
The FRED personal savings rate for Americans overall [ DATA HERE] has been dropping rapidly since March 2021, the last federal COVID employment bailout injection. All of the federal assistance has created massive data skews in the savings rate as federal subsidies gave an artificial boost to the U.S. savings rate.
It appears that the aggregate American worker is now using their savings, created by COVID bailouts, to offset the massive inflation created by the COVID bailouts. The net result is a workforce going into negative savings each month as inflation driven expenses (energy, fuel, food) are higher than earnings. This is an unsustainable situation.
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