Question: According to the article, Strong Hiring Suggests Shifts To a Post-Pandemic Jobs Market, the U.S. economy created 678,000 jobs in February, the biggest gain in

According to the article, “Strong Hiring Suggests Shifts To a Post-Pandemic Jobs Market”, the U.S. economy created 678,000 jobs in February, the biggest gain in seven months. The unemployment rate fell to 3.8% from 4.0% in January. According to the article, which factors contributed to strong job growth this spring? Do you think that this strong job growth will continue in the coming months? Why or why not? Briefly explain your reasoning.

Source: Mitchell Josh: “Strong Hiring Suggests Shifts To a Post-Pandemic Jobs Market”, Mar 5, 2022, the Wall Street Journal, Eastern edition, N.Y.

Step by Step Solution

★★★★★

3.54 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

There are several factors that contributed to strong job growth ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

2/4 moulding. Pressurised water flows through the inside of the cylinder and the UV lamps are on the outside of the cylinder. There will be a housing outside of the lamps, but this is not shown. The...

As part of an analytical chemistry laboratory course, a student measured the Ca+ content in two water samples, city-supplied drinking water and well-supplied drinking water, using two different...

The typical traditional accounting system does not allocate costs associated with value-chain functions other than production to units produced. Do you agree? Explain.

Afterthought on: Home Depot Thrives vs. Macys At All Sections Does this suggest a permanent shifting of demand? The process of creative destruction is indeed very powerful and constantly at work in a...

in order to answer the explain the questions refer to the article below (5 pt.) Explain why the market for WTI crude oil can be viewed as a "perfectly competitive market." How is the price of crude...

"DISCUSS THE EFFECTS OF COVID 19 ON LABOR MARKETS AND THE ECONOMY" Provide an introduction and the background of your study, and clearly state what your research question or objective is. What real...

Please answer all questions. I need Pestle analysis, 5 force analysis or VRIO analysis done and it needs to be on this case study: IKEA's international marketing strategy in china. 4. Markets with...

!Clearly answer the following questions correctly In November 2008, Shaw's supermarkets sold a 10-ounce bag of Green Mountain Fair Trade certified coffee for $8.49. The bag which was adorned with the...

Management 587 Case/Assignment/Summary Activity Name Texas A&M-Commerce In partial fulfillment of the requirements for MGT 587 Professor Lloyd M. Basham June 8, 2014 (The above [and the next 3 lines]...

please can you please help me with this case in order for me to get prepared for my midterm. this is not a homework, its a case given by the professor for us to get ready for the upcoming exam...

Harry borrows X from Mary. He agrees to repay the loan with 10 annual payments, made at the end of each year. The first payment is 200, and each subsequent payment is 5% larger than the previous...

Sarah Johnson is the health information manager for the Columbus County Alcohol and Drug Treatment Center, a CARF-accredited, publicly funded treatment facility. As a member of the quality...

Learning Outcomes 1. Implement a class with many members 2. Implement properties, initializers, and class methods 3. Override methods inherited from object 4. Design methods to avoid using mutable...

Organizational Innovations... 167 Exercise 5 (Costs of Quality Analysis, Nonfinancial Quality Measures) Canada Industries manufactures two types of refrigerators, Victoria and Vancouver. Information...

Which of the following option is false? Select the most suitable answer. Select one: O a. The value of long forward increases as the price of the asset rises. O b. A 1-year forward contract is an...

A client reports having a drink of alcohol (sometimes two) every night before bed. The client's doctor has advised against alcohol use due to diabetes diagnosis. The client believes one drink does...

QUESTION FIVE [15] 5.1 The sales director of New World Limited has drafted a scheme to increase sales by relaxing credit limits imposed on customers. Sales invoices, at present payable after a...

Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...

Listed next are several activities and related costs that have been observed at Santana Company, a manufacturing company. The company makes a variety of products and currently uses a traditional...

Suppose a chain of KFC franchises in Shanghai had budgeted sales for 2012 of RMB 7.8 million (where RMB stands for the Chinese unit of currency, officially the renminbi, also called the yuan). Cost...

Sunset Companys unit costs of manufacturing and selling a given item at the planned activity level of 20,000 units per month are as follows: Manufacturing costs Direct materials . $4.30 Direct labor...

Write a computer program to evaluate k of Eq. (11.3.9a) using a 2 x 2 x 2 Gaussian quadrature rule.

1. Assume that the training period for the new job setup has just begun. What change do you predict in the level of output of the painters? Why? (increase, decrease, stay the same) 2. What other...

The state of strain at the point on the member has components of x = 180(10 -6 ), y = -120(10 -6 ), and xy = -100(10 -6 ). Use the strain transformation equations to determine (a) the in-plane...