The latest monthly report from the Bureau of Labor Statistics showed massive gains in March\u2014the strongest in seven months\u2014indicating that economic growth is gaining speed. Economist Austan Goolsbee explains why he\u2019s optimistic, what kind of numbers we need to keep seeing to realize a full recovery, and how the report proves that even though some think high unemployment insurance payments will disincentivize people from returning to work, a lack of jobs is actually what\u2019s driving unemployment rates.\u00a0\u00a0<\/p>
<\/p>
Austan Goolsbee is the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business. He previously served as the Chairman of the Council of Economic Advisers and a member of President Obama\u2019s Cabinet.\u00a0\u00a0<\/p>
<\/p>
Twitter: @Austan_Goolsbee<\/a><\/p> Show us some love by leaving a rating or a review! RateThisPodcast.com\/pitchforkeconomics<\/strong><\/a>\u00a0<\/p> Strong job growth in March as vaccine distribution expands and the American Rescue Plan ramps up: https:\/\/www.epi.org\/blog\/strong-job-growth-in-march-as-vaccine-distribution-expands-and-the-american-rescue-plan-ramps-up\/<\/a>\u00a0<\/p> The soft underbelly to a looming economic boom: Millions will miss out: https:\/\/www.washingtonpost.com\/business\/2021\/03\/30\/fed-inflation-bad-economy-low-wage\/<\/a><\/p> Website: http:\/\/pitchforkeconomics.com\/<\/a><\/p> Twitter: @PitchforkEcon<\/a><\/p> Instagram: @pitchforkeconomics<\/a><\/p> Nick\u2019s twitter: @NickHanauer<\/a><\/p>\n \n
<\/p>
<\/p>
<\/p>
<\/p>