Slow job growth still caused by pandemic – Labor Secretary

United States Secretary of Labor, Marty Walsh (pictured), commented on the April employment report in an interview with CNBC on Friday, saying that the 266,000 new nonfarm jobs would have been a “good number” under normal circumstances. The report was described as disappointing as analysts were predicting 1 million new payrolls.

Walsh explained that the COVID-19 pandemic is still weighing on the job growth, but added that the vaccination pace is projecting optimism about economic recovery. “We are starting to see the confidence come back,” he said.

The Labor Secretary also rejected claims that coronavirus-related federal unemployment benefits are encouraging capable potential workers to stay out of the workforce, saying it’s “not a fair correlation”.



Breaking the News / LH



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