Jobs: Pandemic Is Still Having A Significant Negative Impact On Economic Activity

The picture that emerges is of a very uneven pattern of jobs created and lost, which, when combined with the overall unemployment situation, suggests an economy that is still struggling with the pandemic. Moreover, it is clear that the economy is far from achieving the FOMC’s maximum-employment objective. Thus, we can expect continued policy accommodation until the employment situation improves significantly.

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Disclaimer: The preceding was provided by Cumberland Advisors, Home Office: One Sarasota Tower, 2 N. Tamiami Trail, Suite 303, Sarasota, FL 34236; New Jersey Office: 614 Landis Ave, Vineland, NJ ...

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