Accelerate ConferenceDealersLatest NewsNewsNews EnewsletterTop Stories

Dr. Elliot says: Undulating unemployment

Dr. Elliot Eisenberg, The Bowtie Economist who brought the house down as keynote speaker during the inaugural Powersports Business Accelerate Conference last week, provides insight into a variety of economic corners and crevaces as part of his daily Twitter feed. Here’s a great look why it’s so hard staff your dealership appropriately.

“During 2/20, the unemployment rate was 3.5%. There were 5.7 million unemployed persons and the labor force, composed of those working and those looking for work, was 164.5 million. During 10/21, the unemployment rate was 4.6%, composed of 7.4 million unemployed individuals and a labor force of 161.4 million. Since Covid-19, the ranks of the unemployed are up by 1.7 million, and the labor force is down by 3.1 million.”

Click here to subscribe to his daily email of 70 words or less on economic data.

Related Articles

Back to top button