Investors cheered the better-than-expected report. The Dow Jones Industrial Average jumped as much as 300 points in early trading before paring gains to about 100 points.Last month, leisure and hospitality added 355,000 jobs, including 286,000 at restaurants and bars, but employment in the hardest-hit industry is still down 9.5 million compared to pre-pandemic levels. Professional and business services added 63,000 jobs, including 53,000 at temporary help services.
“We anticipate improving health conditions, expanding vaccine distribution, and generous fiscal stimulus will form a powerful cocktail that lifts growth to 7% in 2021,” Oxford wrote in a note to clients. Amanda Hobbs, of Hooksett, New Hampshire, has experienced both the labor market’s challenges during the pandemic and its revival. She had to leave her job in the accounting department of a car dealership a year ago because the daycare centers for her two pre-school age kids closed and her employer wouldn’t let her work at home.
The government's stimulus measures are intended to limit enduring damage to the economy, with the $900 billion COVID relief package, passed by Congress in December, helping boost activity last month. The legislation extended unemployment benefits for 11 million people, sent $600 checks to most households and renewed the Paycheck Protection Program’s forgivable small business loans.A $1.
Great job by Biden!
With well over 10 million and this number is more like 15 million still unemployed it will take a 6 years at 380,000 a month to just get back to what we had a year ago.
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GrandFridayVigil 당신은 주님의 말씀을 거절하고도 예수님을 영접할 수 없습니다.
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