As many economists predicted, not only are businesses having trouble hiring, they're having trouble keeping workers. The U.S. Labor Department says about three percent of the workforce quit in April 2021 -- nearly double the rate that quit the previous year.
When economies begin recovery after a recession, UNO business economics professor Mark Rosa says workers realize they have the advantage.
"So people get, I think, incrementally emboldened, they think I can find work under these circumstances, and to a certain extent, they're right, it's a buyer's market," explained Rosa. "If I don't like what one employer says, the next employer might sing a different song, a different tune, more to my liking, under the circumstances that I basically dictate."
So a lot of workers are taking advantage of the need for work to change jobs or even careers.
The demand for workers remindsRosa of the job market in New Orleans after Hurricane Katrina.
"Fast food outlets were giving thousand-dollar bonuses and unusually high hourly wages to get people back to work," he said.
