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4 things that might explain the labor shortage hitting the reopening American economy

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The pandemic cost millions of Americans their jobs, and while the Bureau of Labor Statistics found that 9.7 million of them are actively seeking work, businesses are reporting significant labor shortages. 

Weekly jobless claims are at a pandemic-era low just this past Thursday, but businesses, particularly in the restaurant and service industries, are still struggling to hire. The American Restaurant Association has found that staffing at full-service restaurants remains down 20%, or 1.1 million openings, from the year-ago level, but staffing is even down at firms that want to rehire workers.

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