Jobs: "they're" still trying to figure this out. Hmmmm. At some point, the politicians will explain this. My hunch: top US economist and climate specialist AOC will have the answer by the end of the day. And they can still predict the exact global temperature one hundred years from now.
Montana: first state to end "supplemental" unemployment insurance. South Carolina now joins Montana in that decision. Link here.
My two cents: I'm not buying the "unemployment pays so much it's not worth returning to work." I think it's much more than that. I agree with those who suggest that "employers will not pay anything to hire workers." [But having said that, it still begs the question: how could the analysts be so wrong. For the archives:
- analysts across the board predicted April jobs gains to be somewhere between 750,00 and 1.25 million
- actual number: 266,000]
My sentiment exactly:
Covid-19 vaccine hesitancy: the other day, it was reported that Los Angeles was shutting down its largest vaccine administration center -- LA Dodger Stadium. Today: in Orange County -- that's south of Los Angeles -- and elsewhere in California, authorities are closing mass vaccination sites as bookings drop. Going to Plan B.
Texas: ERCOT expects record power demand in Texas this summer. Link to Charles Kennedy.
Energy crisis no one is talking about: if you have time for just one essay today, this one may be it. Link here to Gail Tverberg. If I remember, it will be re-posted as a stand-along post.
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