Accompanied by Deputy Prime Minister Chrystia Freeland and Labour Minister Filomena Tassi, Justin Trudeau made a campaign stop in the battleground riding of Hamilton Centre on Friday to discuss the Liberals’ job recovery plan. “In terms of recovering our economy, the most important thing is to put an end to this pandemic once and for…
This Is Not a Strong Jobs Recovery
Commentary The U.S. jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. After a massive consensus increase in GDP recovery estimates to 6.5 percent in 2021, no one should be cheering a 5.9 percent unemployment rate, 58 percent employment to…
Jobs Recovery Gains Speed In States That Are Ending Federal Benefits
WASHINGTON—Many economists are scrambling to work out if the federal pandemic unemployment benefits have really discouraged workers from returning to work. There is a variety of factors contributing to the current labor shortage, they say. Early signs, however, show an acceleration in the labor market recovery in states that have ended the supplemental federal benefits early. Severe…
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