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US employers added an astounding 916,000 jobs in March 2021. Employment has now doubled each month since the start of the year, marking a turning point in the economic recovery. There will likely be 4.5 million more jobs added to the economy this year, especially in in-person services, explains Frank Steemers, Senior Economist at The Conference Board. He adds that job gains will likely hover around 800,000 per month in the near term, and may even reach 1 million.
Elizabeth Crofoot, CED’s Senior Economist, also discusses the potential job growth associated with the Biden Administration’s proposed infrastructure package. She notes that, if the infrastructure proposal were to become law, the economy would add about 15 million jobs over the next 8 to 10 years. Yet the plan itself may spur less than 3 million additional jobs on top of what would be generated without it.
Sustaining Capitalism Podcast Series / 27 Apr 2023
This podcast discusses how US oil and gas companies are expanding exploration and production activities to respond to increasing energy needs.
Sustaining Capitalism Podcast Series / 28 Mar 2023
In this episode, we are joined by Cecilia McKenney, to discuss workforce challenges facing the health care industry following the pandemic.
Sustaining Capitalism Podcast Series / 07 Mar 2023
Dr. Doug Shapiro of the National Student Clearinghouse Research Center discusses college enrollment trends.
Sustaining Capitalism Podcast Series / 28 Feb 2023
This podcast episode features an assessment of where the war stands now, how the West has responded to it, and the future direction of US policy.
Sustaining Capitalism Podcast Series / 21 Feb 2023
Michael Romano of NTCA joins us to discuss how the funding from the infrastructure law can be unlocked and used effectively.
Sustaining Capitalism Podcast Series / 14 Feb 2023
Regulatory agencies often overstep their boundaries, with serious consequences both to the entities they regulate and the economy as a whole.
