US Treasury Secretary Janet Yellen said on Friday that the April jobs report underscores the long climb back to the US economic recovery, as reported by Reuters.
Additional takeaways
“Bright economic spots in service industries, expanding labor market.”
“There has been remarkable economic progress.”
“I believe we will reach full economic employment next year.”
“It’s still important to consider ways to build back better.”
“One undeniable impact is lack of available care for families so they can work.”
“Pandemic has made clear families need more support.”
“I am confident we will have a strong economy in 2021 and 2022.”
“It is clear some people are not ready to return to labor force, especially parents.”
“I don’t think additional unemployment benefits is really the factor keeping workers out of labor market.”
Market reaction
These comments don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was up 0.62% on a daily basis at 4,227.
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