~ Michelle Meyer, chief U.S. economist, BofA, April 2, 2021
(Quoted in April 3 issue of Barron's, p. 8.)
Showing posts with label payroll report. Show all posts
Showing posts with label payroll report. Show all posts
Apr 4, 2021
Michelle Meyer: "The economy is accelerating meaningfully"
The tide is turning. [The March jobs report] reaffirms this idea that the economy is accelerating meaningfully in the spring.
Joe Biden takes credit for strong March jobs report
The first two months of our administration has seen more new jobs created than the first two months of any administration in history. It's a reflection of two things going on here, a new economic strategy focused on building from the bottom to the middle up, and one that puts government on the side of working people.
~ President Joe Biden, "Vaccines, fiscal stimulus power U.S. employment; economy blooming," Reuters, April 2, 2021
(On Friday, it was reported that nonfarm payrolls surged by 916,000 jobs last month, the biggest gain since last August. Data for February was revised higher to show 468,000 jobs created instead of the previously reported 379,000. Still, employment remains 8.4 million jobs below its peak in February 2020.)
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