Bill Mitchell – US labour market – strong improvement but for how long?

Summary:
Last Friday (April 2, 2021), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – March 2021 – which showed that the recovery since the catastrophic labour market collapse in March and April 2020, which had stalled in recent months, has got back on track as States open up their economies. Payroll employment growth was very strong and the unemployment rate fell by 0.2 points to 6 per cent. The broader labour wastage captured by the BLS U6 measure fell by 0.4 points to 10.7 per cent. Whether the vaccination process in train allows businesses to remain open is an unknown at present. Time will tell....Bill Mitchell – billy blogUS labour market – strong improvement but for how long?Bill Mitchell | Professor in Economics and Director

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Bill Haskell writes Promoting the General Welfare, The Supreme Court’s Version of Doing So

NewDealdemocrat writes For the second time in three months, the Household jobs Survey was recessionary

Angry Bear writes Medicare Payment Advisory Commission report to Congress Brief

Angry Bear writes Western “Values”