Tuesday, April 6, 2021

Good Economic News


For John, BLUFThis is good news and I am hoping the actions of the Biden Administration and the Democratic Party controlled US Congress don't get in the way.  Nothing to see here; just move along.




From The Bureau of Labor Statistics, 6 APril 2021.

Here is the lede plus chart and additional paragraph:

Total nonfarm payroll employment increased by 916,000 in March 2021.  Job growth in March was widespread, with the largest gains occurring in leisure and hospitality and construction.  Average weekly earnings for the private sector were $1,045.60 in March 2021.
Employment in leisure and hospitality increased by 280,000 in March 2021, as pandemic-related restrictions eased in many parts of the country; the average weekly earnings in this industry were $459.42.  Construction added 110,000 jobs in March, following job losses in the previous month (−56,000) that were likely weather related; the average weekly earnings in this industry were $1,273.54.
This is good news.

Kudos to the Biden-Harris Administration for this nice increase in employment.

Regards  —  Cliff

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