Nearly a million jobs were added to the economy in March — the most since August of last year. According to the Bureau of Labor Statistics’ Employment Situation, the unemployment rate fell to 6%, led by gains in leisure and hospitality, public and private education, and construction, and nearly 350,000 people rejoined the labor force.
Of course, we’re not in the clear yet — with 9.7 million individuals still unemployed, we are still 4 million higher than in February 2020. But, there’s clear evidence that we are on a path to revival.
The $1.9 trillion stimulus relief bill was passed last month, which cleared the way for $1400 stimulus checks to be issued to over 150 million people. Another impressive milestone was reached in March, as over 15% of the U.S. population became fully vaccinated. President Biden also introduced the American Jobs Plan last week, a $2 trillion proposal that included sizable investments in infrastructure, transportation, research and development, and caretaking.
Specific to the healthcare industry, the plan would call for $450 billion in Medicaid to create 1.5 million new home care jobs, and build a sustainable home care workforce by raising wages and increasing access to benefits for home