Joanie Bily, chief workforce analyst for EmployBridge, on the heels of adding 916,000 US jobs in March, told FOX Business “Mornings with Maria” that there are “a pent-up demand for labor” which will drive the labor market and the economy “at full force”. “as long as the COVID pandemic continues to improve.
THE AMERICAN ECONOMY CREATES 916,000 JOBS IN MARCH AS SERVICE SECTOR HIRING INCREASES
JOANIE BILY: Yeah, Cheryl, you know it’s going to hopefully continue to move in the right direction because we’re seeing schools reopen. You know, I have a lot of colleagues who work in California. Their schools aren’t fully open and they’re still juggling the challenge of having their kids home online, young kids, I mean it’s still a big challenge in many states across the country. It’s so good to see him move in the right direction. And I think we have to keep looking at this …
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I also want to make another point, Cheryl, just about the pent-up demand that exists, particularly in the supply chain. You know, I think if … we get, you know, some of the backlog that’s out there with manufacturing and logistics, I mean, looking at what’s going on with automotive parts, you know, we’ve had auto companies that have had to shut down in the United States and fire their employees because they don’t have the parts. So there’s so much pent-up demand for labor right now that once we really put some kind of supply chain back together, you know, I think we’re going to continue to see huge growth. employment. So as long as we can prevent the virus from coming back, I really believe the job market and the economy are going to move forward.
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