The Family Firm Blog

Today's Job Report

Posted by Nate Gendelman on 3/5/21 1:15 PM
Nate Gendelman

Today's job report (~450K new jobs) shows that when/as the economy reopens the employment situation will recover relatively quickly. That also demonstrates quite clearly that the government's laser-focus on taming the virus is the correct approach, even if one can quibble about the details.

Negatives in the jobs report include the ongoing low participation rate in the labor market and of course the sobering fact that the overall economy is still down 9.5 million jobs