US Treasury Sec. Yellen: We will reach full economic employment next year

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  |  07/05/2021 16:40

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."

"Road back to economic recovery is going to be bumpy with some setbacks."

"Money from recovery plan will help boost spending in coming months."

"I doubt we are going to see an inflationary cycle."

"We expect some higher inflation over the next couple of months for technical reasons."

"Wage growth has not picked up meaningfully."

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.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com