Lagging Vaccine Rollout Contributes to Sluggish U.S. Job Growth
Summary
The pace of vaccinations will continue to impact how fast the economy can recover,” said Jay Denton, Chief Innovation Officer and SVP of Business Intelligence for ThinkWhy. The biggest storylines to watch through early 2021 are: • Timing, efficacy and number of people who will get a vaccine • Impacts to industries and locations based on tightening social restrictions to contain the virus, especially if the new strain spreads rapidly • Policies from the new administration to keep businesses and consumers afloat “Today’s report will likely fuel calls for increased stimulus payments, rising from the current $600 to perhaps $2,000 under the new Congress. Employment will recover only when the virus situation is substantially improved, in Q2 or later,” said Marianne Wanamaker, labor economist and ThinkWhy executive advisory board member. With passage of the most recent stimulus legislation in Washington D.C., consumers got a boost in their ability to spend and an extension of protection from eviction. Our talent tech helps win candidates – and clients - with the most precise market analysis and salary answers for over 20,000 job titles, across all U.S. cities and industries.