by 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:
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:
John Quiggin writes The war to end war, still going on
New Economics Foundation writes Reclaiming our regions
New Economics Foundation writes New Economics Podcast: Why is the benefits system failing disabled people
Michael Hudson writes Jill Stein: Splitting the Pro-Imperial Vote
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 blog
US labour market – strong improvement but for how long?
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia