“Signs, signs, everywhere a sign” sang the 70’s Canadianrock group Five Man Electrical Band. The sign that is everywhere now is“Help Wanted”! The latest data from the Bureau of Labor Statistics showsthere are over 100 million Americans who are currently out of the laborforce. But of that group, just 6.85 million people are currently lookingfor a job. Why are less than 7% of available workers looking for ajob?
Interviews reveal the prevailing attitude: it pays darn well to notwork! The trillions of dollars in government stimulus are nowincentivizing potential workers not to seek gainful employment, but to sit backand collect the next “stimmy check” for not working. The chart below,from Bank of America’s Global Research department, plots the NationalFederation of Independent Business (NFIB) “Hard to Fill” job openingscategory. As can be seen, the current level of 40 is the highest in thehistory of the index.
Best regards,
Womack Investment Advisers, Inc.
WOMACK INVESTMENT ADVISERS, INC.
Oklahoma / Main Office: 1366 E. 15th Street - Edmond, OK 73013
California Office: 4660 La Jolla Village Dr., Ste. 100 - San Diego, CA 92122
Phone (405) 340-1717 - Toll Free (877) 340-1717
Website: www.womackadvisers.com
Womack Investment Advisers, Inc. (WIA) is a registered investment adviser whose principal office is located in Oklahoma. Womack Investment Advisers, Inc. is also registered in the State of California, the State of Illinois, the State of Indiana, and the State of Texas. WIA only transacts business in sates where it is properly registered, or excluded, or exempted from registration requirements.