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Yellen Sees Stimulus Righting Stalled US Job Market In 2022
02/07/21 AT 10:55 AM
Treasury Secretary Janet Yellen said Sunday that the US job market is stalling and might not recover for years without the support promised by President Joe Biden s pandemic relief package.
Citing employment figures from Friday, when the economy added an anemic 49,000 jobs, she told CBS s Face the Nation, We re in a deep hole with respect to the job market, and a long way to dig out.
But in a separate interview with CNN, Yellen predicted that if Biden s $1.9 trillion package is passed, we would get back to full employment next year.
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