The COVID-19 delta variant is still raging in the US – but it doesn’t result in huge layoffs like the original virus strain did in 2020.
That being said, millions of Americans are still unemployed. And paradoxically, employers struggle to fill vacancies.
In the labor market, demand exceeds supply.
According to a September 8 article in the Wall Street Journal, job postings on Indeed.com were up 39% month-on-month in August. In July there were around 83 employees for every 100 vacancies.
Until the delta variant slows down, the hiring is unlikely to pick up as quickly as employers need it to be.
Fears of illness and the constant need for childcare still keep a large part of the US workforce at home.
Employers are responding to these concerns by offering more remote jobs that raise wages, offer high sign-on bonuses, and offer other perks to attract workers.
And there is preliminary evidence that these incentives could work: weekly jobless claims have just hit a new low.
There were 310,000 requests for the week of August 29 through September 4. That’s the lowest number since the pandemic started in the US!
Only time will tell if these incentives will really be the catalyst to get Americans back to work in the next few months.
And if you’re one of millions of Americans currently unemployed, there is something you can do to protect your retirement account from Wall Street greed.
You see, Wall Street has a dirty secret: their tactics are designed to take your money away from you and give it to people who already have a lot more than they’ll ever need.
But you don’t have to stand by and let the rich benefit from your hard work.
Former hedge fund manager Ian King knows all the street tricks – and how to beat them.
In this new report, Ian tells you exactly how to take your hard earned cash back and make your nest egg grow more than you ever dreamed of.
Now click here for all the details.
And if you missed any of our expert insights this week, read on below!
This week’s hot topics
This week our experts addressed various topics for your investments.
Here comes the goldilocks economy
“Goldilocks Economy” describes the ideal state for an economic system – one that is not so hot that it causes inflation, but not so cold that it causes a slowdown. When the US economy finds that sweet spot, the stock market tends to remain in a bullish bullish trend … and there are signs that we might be there right now.
Tesla’s “Model 2” is 38% cheaper than other cars
Tesla aims to launch a fully autonomous electric vehicle (EV) by 2023. Preliminarily referred to as Model 2, the price of this car could be 38% lower than other cars. This will be good overall for EV production – but even better for companies that make the components without the EVs can’t function.
Why Bitcoin Day in El Salvador is the future of money
El Salvador became the first country in the world to recognize Bitcoin as legal tender on Tuesday. This was an exciting development for crypto cops – but posed many problems for the Salvadoran citizens. Despite the rocky start in El Salvador, cryptos offer tremendous wealth opportunities for low-income countries.
Tesla’s self-driving electric vehicle costs just $ 25,000
Some people call Tesla’s new electric car the “Model 2”. The cool thing is that there won’t be a steering wheel or pedal – the car will be completely dependent on autonomous driving. And at just $ 25,000, the Model 2 is remarkably affordable. In this video, Steve Fernandez discusses how the Model 2 will affect the EV market and what it means for tech investors.
The Smart Profits Daily team