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US sees sharp jobs growth as the economy rebounds

A strong rebound in job growth in October is raising hopes for a long-awaited recovery in the labor market. But…

By Trench Times , in United States , at November 5, 2021 Tags: , , , ,

US sees sharp jobs growth as the economy rebounds

A strong rebound in job growth in October is raising hopes for a long-awaited recovery in the labor market. But millions of workers remain on the sidelines — and the economy needs them back.

U.S. employers added 531,000 jobs in October, a sign that growth is resuming and employers are optimistic as the Delta coronavirus surge eases.

“It was certainly a robust report—upside in the total rate of jobgrowth,” Morgan Stanley’s Robert Rosener says about the jobs report. “If this kind of pace of jobgrowth continues, we could see that [pre-pandemic unemployment] gap grow closed within the next 9-10 months.”

What people are saying?

William Samoei Ruto, PhD Implementing the Bottom-Up Economic Model means supporting small businesses and farmers, which will create jobs and provide a firm foundation for a new era of economic growth. It will also expand our tax base and reduce our appetite for foreign loans.

Joe Lockhart Republicans have repeatedly said the Biden Administration is a failure. So when we see the economy growing at the rate it is and the off the chart jobgrowth, remember the Republicans were opposed to the Biden agenda.

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