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.