Economics
Job Market Paradox: States Got a Record Rescue But Aren’t Hiring
- Influx of aid aimed at restoring massive cuts amid pandemic
- But in May, hiring limited to education as schools reopened
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In making the case for its $350 billion lifeline to U.S. states and cities, President Joe Biden’s administration emphasized a key figure: Over one million government jobs were lost during the pandemic -- and the money would help bring them back.
On Friday, the jobs report showed there’s still a long way to go to reach that goal.