That’s not the one excellent news:
Whereas inflation stays an actual concern, wage progress can also be essential to speak about. Economist Aaron Sojourner notes that wage growth is strongest for young workers, and wonders if stronger wage progress for older employees would pull extra of them again into the workforce.
The economic system isn’t all the best way again from the coronavirus pandemic (simply because the pandemic itself isn’t over, irrespective of how a lot we would want in any other case). There are nonetheless 1.6 million fewer jobs than there have been pre-pandemic, and the job progress that we might in any other case have anticipated to see by means of two years can also be lacking. Particularly, public sector employment lags. However the restoration has been astonishingly a lot stronger than the restoration from the 2008-2009 recession, and each the EPI’s Heidi Shierholz and the Roosevelt Institute’s Mike Konczal level out that that is instantly attributable to coverage decisions—particularly the American Rescue Plan.
The economic system just isn’t good. However the restoration is extremely sturdy and there’s a lot excellent news to report. Not that you just’d understand it from watching cable information or skimming the headlines.
Hearken to Senate Majority PAC’s J.B. Poerch speak about 2022 Senate races with Markos and Each day Kos Elections’ David Nir on The Temporary podcast
