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On THE AMOUNT OF MONEY Long COVID hits the labor market

Well dig into just how long COVID intersects with the worker shortage. Well also look at President Bidens semiconductor plan, school teacher strikes and the Labor Day flights rebound.

But first, understand whyannual boostersmay be along the way.

Just how long COVID is impacting the united states labor shortage

Persistent COVID-19 symptoms could possibly be keeping an incredible number of Americans out from the workforce.

Economists and policymakers have struggled to determine why a lower percentage of working-age adults come in the work force than prior to the pandemic.

  • The amount of Americans either employed or searching for work eclipsed its pre-pandemic level in August, in accordance with Labor Department data released Friday.

  • However the work force participation rate remains 1 percentage point below its February 2020 level, a gap roughly equal to 1.6 million people.

An inferior work force hasnt kept the U.S. from adding jobs at an instant rate since mid-2020. However, thousands or even millions of Americans could possibly be on the sidelines of the rapid recovery because theyre still too sick from prolonged COVID-19 symptoms to work.

We dont know very well what proportion of individuals are experiencing very debilitating symptoms with plenty of certainty, said Julia Raifman, an assistant professor at Boston Universitys School of Public Health.

But we realize that it’s happening for some people and we realize that all infection appears to increase the likelihood of it happening, she continued.

CHIPS UP FOR GRABS

Biden administration unveils arrange for bolstering semiconductor production

The Biden administration on Monday unveiled its arrange for bolstering domestic chip production in the U.S. utilizing the $50 billion in funding from the CHIPS and Science Act passed come early july.

  • The administration use a lot of the funding, around $28 billion, to determine domestic production of industry leading logic and memory chips through grants, subsidized loans or loan guarantees, the Department of Commerce said within an announcement.

  • The administration use around $10 billion to improve production of current-generation semiconductors and chips. Yet another $11 billion will undoubtedly be committed to research and development.

SCHOOLS OUT

Seattle teachers union authorizes strike, potentially delaying school year start

Unionized educators at Seattle Public Schools (SPS) on Tuesday voted to authorize a strike, which threatens to delay the beginning of the institution year on Wednesday in case a contract agreement isn’t reached.

The Seattle Education Association (SEA) announced on Tuesday afternoon that 95 percent of voters authorized the strike, with three-quarters of its roughly 6,000 members participating.

Union leaders said they’re continuing to bargain with the institution district during the day, but they can start picketing on Wednesday morning if no agreement is reached.

FLIGHT FRENZY

Labor Day marked first holiday weekend to exceed pre-pandemic flights levels, TSA says

Nearly 9 million people passed through the nations airports through the Labor Day weekend, the initial holiday weekend to surpass pre-pandemic flights levels, in accordance with Transportation Security Administration (TSA) data.

The agency announced on Tuesday that it screened 8.76 million passengers between Friday and Monday, that was 102 percent of the Labor Day weekend passenger volume in 2019.

TSAs experienced and dedicated workforce facilitated secure travel for an incredible number of passengers through the busy summer travel season with hardly any disruptions at the checkpoint, TSA acting Administrator David Pekoske said in a statement.

We were also in a position to continue the deployment of new technologies that facilitate stronger identity verification procedures and enhanced security screening for carry-on bags.

Good to learn

Given that the word quiet quitting has buzzed round the Internet, a fresh phrase quiet firing isshifting the focus around workplace cultureto how employers treat their employees.

Its no unusual tactic, as a lot more than 80 percent of respondents say they will have either seen or experienced quiet firing, in accordance with a recently available LinkedIn News poll.

Thats it for today. Thanks for reading to check out The HillsFinance pagefor the most recent news and coverage. Well see you tomorrow.

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