Carney: The Great Quarantine Will Sideline Millions of American Workers and Make Bidenflation Worse
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Summary
Millions of workers are likely to be sidelined because they are infected or quarantined due to close contact with someone who is infected. It’s a textbook recipe for more inflation.Why is Omicron likely be a big drag on the labor supply?Public health recommendations and business policies require workers who test positive but have no symptoms to quarantine for five days. Quarantined workers still get counted as employed, and so they will not show up in either the weekly jobless numbers or the monthly unemployment figures.
As said here by John Carney