There is a significant labor shortage in our country today primarily due to the retiring baby boom generation and compounded by Teens choosing to stay in school longer than ever. The Wall Street Journal recently reported that matching every unemployed person in the Midwest to a job would still leave 180,000 unfilled jobs….
Economic data in the US and abroad slowed in March. We believe this is the pause that refreshes. Manufacturing capacity and supply chain constraints have become too extreme for production to meet demand. Limited labor and material supplies continue to elevate delays in shipments and vendor deliveries. This summary from the…
The Bureau of Labor Statistics (BLS) states clearly that 95 Million people in the US are not in the labor force! Those who are quite alarmed by this shocking number include: Chief Economist Dan North, CNBC financial reporter Rick Santelli and Peter Boockvar, Chief analyst of the Lindsey Group. Echoing…
The larger service economy recovered years ago and remains strong, while the manufacturing world has only confirmed exceptional expansion rates over the the past year. The latest ISM Manufacturing Purchasing Managers Index (PMI) test of 61 is impressive and usually occurs in the early to middle innings of a new economic…
Automation and Artifical Intelligence (AI) are spurring an economic and cultural shift toward self employment as demand for traditional jobs are eliminated. Independent contractors and freelance workers (gig jobs) have risen beyond 53 Million workers or 34% of our labor force. Roughly 50% of Millennial workers are already a part of…
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