What’s happening: A growing number of sectors are reporting problems with worker shortages. Uber (UBER)
and Lyft (LYFT)
are offering incentives to get drivers back on the road. Chipotle (CMG)
has said it’s playing “catch up” on staffing. And America’s factories
are staring at half a million job openings.
The US economy
added a paltry 266,000 jobs in April and the unemployment rate ticked up to 6.1%, one year after Covid-19 destroyed more than 20 million jobs
in a single month. The disappointing number of jobs could be partly attributed to employers not being able to find the workers they’re looking for.
Part of the problem stems from ongoing concerns about safety or childcare during the pandemic, while the coronavirus may have encouraged others to opt for early retirement. Some business leaders also point to stimulus checks and unemployment benefits, which they say are discouraging some people from seeking employment.
“Some of it’s…