Quoting from article within past week
"Employers added 372,000 new jobs in June, about 100,000 more than economists expected. That’s more than double the number of new jobs needed in a stable, growing economy. The unemployment rate remains 3.6%, close to a record low."
As others have noted, the replacement rate of job seekers is not keeping up with the retiring boomers. And, many retired early too. Conversely, it's not stimulus money keeping people away, that was spent long ago by those without white collar jobs. And it's not housing assistance money that hasn't run out. Those funds are damn hard to qualify for which is why that program hasn't run out yet
"Employers added 372,000 new jobs in June, about 100,000 more than economists expected. That’s more than double the number of new jobs needed in a stable, growing economy. The unemployment rate remains 3.6%, close to a record low."
As others have noted, the replacement rate of job seekers is not keeping up with the retiring boomers. And, many retired early too. Conversely, it's not stimulus money keeping people away, that was spent long ago by those without white collar jobs. And it's not housing assistance money that hasn't run out. Those funds are damn hard to qualify for which is why that program hasn't run out yet