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Tile on Biden, the job boom remains a mirage

2021-05-09T08:41:46.221Z

One million places were expected in April, there are only 266 thousand (ANSA) Those who expected a boom in jobs created in America thanks to the mass vaccination campaign and the reopening of economic activities had to dramatically change their minds. Those in April are shocking, with only 266,000 new hires and unemployment rising to 6.1%, which increased for the first time since April 2020: more than the one million employees heralded on the eve by analysts, an almost unpr



Those who expected a boom in jobs created in America thanks to the mass vaccination campaign and the reopening of economic activities had to dramatically change their minds.

Those in April are shocking, with only 266,000 new hires and unemployment rising to 6.1%, which increased for the first time since April 2020: more than the one million employees heralded on the eve by analysts, an almost unprecedented failure. forecasts.



A mirage therefore vanished for now, leaving all commentators astonished. And a tile for Joe Biden, who hoped to begin to reap the rewards of a fight against the pandemic that to many in the US seems to have now entered its final phase. Even if the American president does not dramatize and defend his actions: "There is still a long way to go, we are coming out of a collapse of the economy, but the recovery is faster than expected", he assured speaking to the country live. TV. Wall Street seems to think so for now, traveling at record levels despite the huge disappointment. Emphasized by the fact that the figures for March and February were also revised downwards, which at second reading recorded respectively 770,000 and 536,000 new hires, much less than previously announced.



Accounts in hand, about 8.2 million seats are still missing due to the pandemic and, at this rate, for most observers it will be difficult to recover before November 2023, sending hopes of a sprint recovery. A scenario that pushes Biden to press the accelerator even more not only on vaccinations, but also on his American Rescue Plan, that rescue plan of about 4 trillion dollars to rebuild America and redesign an economy and a society. that create millions of jobs, focusing above all on infrastructure and the environmental revolution. An uphill challenge though.


Source: ansa

All life articles on 2021-05-09

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