(09-19-2020, 11:46 AM)Hurlburt88 Wrote: I am struggling to square my experience to these numbers and to academic research. In 4 sites: Phoenix, Green Bay, Chicago, and Detroit I can't find enough workers--both skilled and unskilled. Last week traveling on vacation across North Dakota a number of restaurants were closed due to lack of workers. I wonder if we need to really focus on money for re-skilling and even relocation?
Interesting. Detroit's unemployment rate is 20.30%, which squares with my experience when I lived there from 2015 to 2019.
https://ycharts.com/indicators/detroit_m...yment_rate
Chicago's unemployment rate is 15.0%. It was under 4.0% about a year ago.
https://ycharts.com/indicators/chicago_i...yment_rate
Phoenix is odd, given that its unemployment rate is 11.20%.
https://ycharts.com/indicators/phoenix_a...yment_rate
Green Bay surprises me a little bit. Rate was as low as 2.5%, skied to 13.3%, was 7.0% in July:
https://fred.stlouisfed.org/series/GREE555UR
I understand Green Bay, a little bit. I don't quite understand the difficulty of finding unskilled labor in the other cities.
Audaces fortuna iuvat