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TopicWill restaurants ever be well staffed again?
harley2280
06/24/21 7:37:19 AM
#36:


metallica846 posted...
I know people keep saying how unemployment is around 6% but that is just people that they can report on. That number has historically always been under reported.

https://www.bls.gov/opub/ted/2021/mobile/u-3-was-6-1-percent-u-6-was-10-4-percent-in-april-2021.htm

U3 is total unemployed.

Using U6 is stupid because it counts part time people as unemployed.

The most broadly defined rate, U-6, includes unemployed people, plus people who are "marginally attached' to the labor force, plus people who work part time for economic reasons. The marginally attached are neither working nor looking for work but want and are available for a job and have looked for work sometime in the past 12 months. People who work part time for economic reasons are those that would have preferred full-time employment, but were working part time because their hours had been cut or because they were unable to find a full-time job.


U6 counts people that companies have cut their hours. If you're having staffing issues and you cut people's hours that's on you.
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