What could be behind the labor shortage?

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    Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic as the labor market continues to recover, the Labor Department reported Thursday. Despite the decline in weekly claims, continuing claims rose by 169,000 to 3.77 million. That data runs a week behind the headline claims numbers. Lindsey Piegza, chief economist at Stifel, joined “Squawk Box” on Thursday to discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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