Joe Biden's first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring expected as the coronavirus vaccine rollout allows Americans to emerge from a year in hiding. Only slightly more than half of the 22 million jobs lost in the pandemic were regained by the end of last year. As Biden takes the oath of office on Wednesday, the job market awaiting him presents a monumental challenge.
International Business News: Joe Biden’s first year in office could go down in history as a record-breaker on the job-creation front, with an explosion in hiring expected as the c
Primer año de Biden en la presidencia podría ver un crecimiento récord del empleo economiahoy.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economiahoy.mx Daily Mail and Mail on Sunday newspapers.
‘Itâs better than nothing’ – chief U.S. economist for Oxford Economics.
By Ann Saphir and Jonnelle Marte, Reuters
22 Dec 2020 05:28
U.S. Sen. Majority Leader Mitch McConnell (R-KY) walks from his office to the Senate floor on Capitol Hill Washington, D.C., U.S. Sunday, December 20, 2020. Image: Ken Cedeno, Reuters
The $900 billion pandemic aid package expected to win Congressional approval on Monday will deliver support to a recession-ravaged economy slowing under a deadly coronavirus surge, and set it up for a stronger recovery next year as vaccines become more widely available, economists said.
But it comes months after the last big fiscal aid package was passed and lacks direct help to struggling states and cities, as millions remain unemployed and businesses suffer anew from fresh restrictions to slow spread of the virus.
Reuters Reuters
22 December, 2020, 12:25 pm
Speaker of the House Nancy Pelosi (D-CA) walks back to her office after opening the House floor following an agreement of a coronavirus disease (COVID-19) aid package the night before on Capitol Hill, Washington, D.C., U.S., December 21, 2020. REUTERS/Ken Cedeno
The $900 billion pandemic aid package expected to win Congressional approval on Monday will deliver support to a recession-ravaged economy slowing under a deadly coronavirus surge, and set it up for a stronger recovery next year as vaccines become more widely available, economists said.
But it comes months after the last big fiscal aid package was passed and lacks direct help to struggling states and cities, as millions remain unemployed and businesses suffer anew from fresh restrictions to slow spread of the virus.