Economics
Biden Will Need to Wait Longer for a U.S. Jobs Rebound: Eco Week
- U.K.’s long-delayed budget will reveal fiscal damage
- Weekly take on events in the world economy and their fallout
Photographer: Andrew Caballero-Reynolds/AFP/Getty Images
This article is for subscribers only.
The first full month of Joe Biden’s presidency of the U.S. looks likely to have featured limited progress for the labor market as the coronavirus kept a lid on growth.
Economists surveyed before data on Friday anticipate an increase in the unemployment rate to 6.4%, with a tally of about 180,000 new jobs. Private payrolls will be watched closely after pandemic-related restrictions eased in many states in recent weeks, likely allowing for increased hiring at service businesses like restaurants.