United States Secretary of the Treasury Janet Yellen said on Friday that the April jobs report underscores the long road back to the United States’ economic recovery, as reported Reuters.
Featured statements
“Bright Economic Spots in Service Industries, Expanding Labor Market”.
“There has been remarkable economic progress.”
“I think we will reach full economic employment next year.”
“It’s still important to consider ways to rebuild better.”
“An undeniable impact is the lack of care available for families to work.”
“The pandemic has made it clear that families need more support.”
“I am confident that we will have a strong economy in 2021 and 2022.”
“It is clear that some people are not ready to return to the workforce, especially parents.”
“I don’t think the additional unemployment benefits are really the factor that keeps workers out of the job market.”
“The road back to economic recovery will be bumpy with some setbacks.”
“The money from the recovery plan will help drive spending in the coming months.”
“I doubt that we are going to see an inflationary cycle.”
“We expect higher inflation in the coming months for technical reasons.”
“Wage growth has not recovered significantly.”
Market reaction
These comments do not appear to have a significant impact on market sentiment. At the time of writing, the S&P 500 index it was up 0.62% on the day to 4,227.
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