Slow job growth still caused by pandemic – Labor Secretary

United States Secretary of Labor, Marty Walsh (pictured), commented on the April employment report in an interview with CNBC on Friday, saying that the 266,000 new nonfarm jobs would have been a “good number” under normal circumstances. The report was described as disappointing as analysts were predicting 1 million new payrolls.

Walsh explained that the COVID-19 pandemic is still weighing on the job growth, but added that the vaccination pace is projecting optimism about economic recovery. “We are starting to see the confidence come back,” he said.

The Labor Secretary also rejected claims that coronavirus-related federal unemployment benefits are encouraging capable potential workers to stay out of the workforce, saying it’s “not a fair correlation”.



Breaking the News / LH



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento