The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on March 05, 2021, 02:43:54 pm
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Economy adds 379K jobs in first report of Biden presidency
By Niv Elis - 03/05/21 08:33 AM EST
The economy added a whopping 379,000 jobs in February, a major improvement from the 49,000 jobs added the previous month and more than double the 175,000 economists predicted.
The unemployment rate fell to 6.2 percent from 6.3 percent last month, and the number of unemployed people remained similar at 10 million.
The unemployment crisis has hit some groups harder than others. While the unemployment rate was 5.6 percent for whites, it remained at 9.9 percent for Blacks and 8.5 percent for Hispanics.
The latest jobs data — covering the first full months of the Biden presidency — points to early signs of improvement for an economy still struggling to dig itself out of a deep hole amid the coronavirus pandemic. The number of unemployed people remained similar at 10 million.
The positive report could add ammunition to opponents of President Biden's $1.9 trillion COVID-19 relief bill, expected to pass in the Senate over the weekend. Critics say the stimulus is too large and risks overheating the economy.
more
https://thehill.com/policy/finance/541749-february-jobs-report-biden-economy-coronavirus
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Not believing this for a second...
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A pretty decent jobs report to start off 2021
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How many of those jobs added are actually businesses allowed to reopen and call back employees? I seriously doubt they are any but a very small number of new jobs added. Not too mention when was the last time anyone can remember a democrap administration not lying about job numbers?
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Not believing this for a second...
Give it a month or two; we will see inflation, unemployment skyrocketing/record number on food stamps, food prices skyrocketing, gas prices skyrocketing --- a continuation of Bammy's years only worse. Count on it.
Meanwhile ... what's being done to ensure a fair election in '22??? Nothing will be done.
We are on a downward spiral.