The longer people are away from the workforce, the longer it takes to return.
Whether or not women recover economically from this pandemic is everybody’s problem.
The February gain marked a sharp pickup from the 166,000 jobs that were added in January and a loss of 306,000 in December.
Job postings have rebounded for occupations in manufacturing and construction, but not in hospitality or travel.
That’s despite a drop in confirmed viral infections and evidence that the overall economy is improving.
These persistently high jobless claims indicate a lot of labor market volatility.
The headline is that people who’ve turned down work for health and safety reasons can be eligible for federal aid.
It’s the lowest figure since late November for weekly jobless claims, but the labor market isn’t making much progress.
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
Throughout the pandemic, federal unemployment benefits have had expiration dates. Some economists think there’s a better way.