Labor Largess

Since recordkeeping began in 1939, the 4.3 million net jobs created in 1946, the start of the post-WWII expansion, was tops. However, the recently passed $900 billion Covid-19 relief bill, rising vaccination rates, and now $1.9 trillion stimulus from the Biden administration means 2021 GDP growth of 5%, and creation of a record breaking 4.5 million jobs, maybe more. Regrettably, we will remain five million jobs below the pre-pandemic level.

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