A struggling U.S. economy continues in 2021 from a pandemic-induced recession.
A concern: In December, nonfarm payroll employment fell. The first jobs decline since April. Today, we’re 9.8 million jobs lower than when the national recession started.
But leading economists in a Wall St. Journal survey expect the U. S. economy will grow smartly at 4.3 percent this year, citing vaccinations now underway and proposed additional financial stimulus from Washington.
Already, Congress has passed almost $3 trillion to combat the pandemic.
A new $1.9 trillion package is up for Congressional debate. But the proposal should not be a green light for profiligate spending.
Rather, new coronavirus relief should focus on boosting the economy, including people and businesses most in need.
