Jobs

The news reports today that 300,000 jobs were created in March. The job growth has continued since the end of the pandemic but has not yet caught up. This can be seen by the labor participation rate which was at 63.3% before the pandemic and is 62.7% today. During the pandemic 120,000 businesses temporarily closed and 30 million Americans were unemployed. 15 million jobs have been created since Biden took office but there are still 9 million unfilled jobs. About 8 million who left the work force during the pandemic say they are not coming back. As the economy moves to double the industrial base the number of new jobs will continue to grow.