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Business Notes: Sept 19, 2021
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Jobs report poised to boost or hinder Biden s agenda
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No two ways about it: The April jobs report was extremely disappointing. And itâs likely to heat up the debate, now preoccupying the White House, over whether government policy might be subtly discouraging unemployed people from returning to work.
Economists and analysts had been expecting around a million jobs to be added on net in April, given the rising share of vaccinated Americans and relaxation of restrictions on business. Instead, employers created a measly 266,000 positions, the Bureau of Labor Statistics reported recently. Job growth for March was revised downward, too.
The size of the jobs deficit â the difference between how many jobs there are today vs. pre-pandemic â remains quite large, with employment in April still 8.2 million jobs, or 5.4%, below the peak from February 2020. If Aprilâs hiring pace were to continue indefinitely, it would take 2½ more years before we regained all the jobs we had pre-COVID (and we actually want more jobs than th
Opinion | Behind the April jobs report: Is there a shortage of jobs or a shortage of workers?
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One key to getting women back to work post-pandemic: Childcare Reuters 3 hrs ago
By Jonnelle Marte
(Reuters) - Wendy Niculescu is ready to get back to work after nearly a year and a half of being a stay-at-home mom.
She is seeing more job openings in her field of nonprofit fundraising after hiring dried up last year. Niculescu and her husband also feel comfortable sending their children back to in-person day care now that they have both been vaccinated against the coronavirus.
But one major issue threatens to complicate her return to the workforce: It could take months for the couple to find a childcare provider in Portland, Oregon, with enough space for their two children, ages two and five.