According to the U.S. Chamber of Commerce report on the U.S. labor shortage, the national job openings is approx. 9.6 mio. while the number of unemployed workers is approx. 6.4 mio. Discuss the implication of a labor shortage and increased household spending (as a portion of GDP consumption). Is there a correlation between the current labor shortage and increased spending (as a portion of GDP consumption)? (note: U.S. automobile industry strike of 3rd qtr. '23 may have skewed the labor shortage in the durable goods industry). (ref. US Treasury report on housing/shelter costs). (ref. NYT article dated 04-14-23). (ref. WSJ video by D. Rabouin, Jan. '24 & WSJ video 3 on D/S imbalance)