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The Erick Erickson Show

S11 EP25: Hour 2 - Where Are All the Workers?

The Erick Erickson Show

Erick Erickson

News, News Commentary

4.5874 Ratings

🗓️ 7 February 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

A deeper dive into the data sheds some light on the worker shortage here in the US, Biden has the most police deaths in the country since 1995 and the mob continues its assault on Joe Rogan.

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Transcript

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0:00.0

Hello and welcome. It is Eric Erickson here. The Eric Erikson show, the phone number. If you want to be on the program,

0:06.0

87737-4745, who's in church yesterday, and one of the ladies in church said she mentioned needing to send my wife a text

0:20.4

and needed to find my wife's phone number and her a little girl who's probably three years old says 877 973-7-425 thank you for indoctrinating your children by letting them listen to me now we need to talk about jobs. There actually is some interesting data

0:40.0

out there on jobs because this is one of the, probably the biggest issues of our age right now

0:49.6

is where on earth have all the jobs gone?

0:56.0

Everybody seems to have a theory for where the jobs have gone,

1:01.4

but what does the data actually show?

1:04.5

What does the data actually suggest for where people actually are?

1:12.7

The Wall Street Journal has a story by Greg Ip,

1:17.1

an American labor market mystery.

1:20.8

The United States has really led Europe for a very long time

1:27.2

on employment, on labor, on business economy, job growth,

1:34.7

and the like, and yet we've fallen behind on labor participation. The Labor Department

1:43.3

reported Friday.

1:44.8

The U.S. labor force participation rate was 62.6% in January compared with 61.9% in December.

1:51.9

Now, labor force participation rate is how many people in the economy who could work do work?

2:00.1

The share of the population between ages 15 and

2:03.4

64 where could they be between the fourth quarters of 2019 and 2021 the labor force participation rate

2:11.0

dropped 0.7% in the u.s while rising in japan and canada according to the Organization for Economic Cooperation

2:18.4

and Development.

2:20.1

The Eurozone participation rate was also well above its pre-pandemic level in the third

2:24.9

quarter.

...

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