Trump slams Biden on the border crisis

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On this day in 1933, President Roosevelt ordered all the country’s banks to do what?

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This chart shows you where all the jobs are right now

Image Source: CNBC with stats from the Bureau of Labor Statistics

The pandemic has proven to be quite the rollercoaster for bartenders, chefs, and restaurant staff as virus restrictions have made it difficult to dine out in a traditional way.

However, the food service industry accounted for a huge amount of growth in the government’s latest job report.

Of the 379,000 payrolls added in February, 355,000 were in the leisure and hospitality sector, which was hit really hard by the pandemic. Within that bracket, there were 285,900 restaurant gigs added last month.

Friday’s economic data blew plast the 210,000 February payrolls that economists had anticipated.

“Today’s employment report smashed expectations. This was a welcomed change of events for a suppressed labor market as we begin to turn the helm on a restrained economy and open back up,” said Charlie Ripley of Allianz investment Management.

He continued: “Looking ahead, it appears the ship is pointed in the right direction and the additional stimulus coming from Congress should be the wind in the sails to get the economy back on track.”

What are the other key takeaways from yesterday’s jobs report?

Other News That Matters To You:

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WHO Director General Tedros Adhanom Ghebreyesus

Image Source: Reuters

The pandemic has sparked unmatched “mass trauma,” a World Health Organization official claimed yesterday.

In a Friday press conference, WHO Director General Tedros Adhanom Ghebreyesus claimed that not only is this virus more traumatic than World War II, but that the impact of that trauma will continue to be felt for years to come.

“After the second World War, the world has experienced mass trauma, because [the] second World War affected many, many lives. And now, even with this [virus] pandemic, with bigger magnitude, more lives have been affected. Almost the whole world is affected, each and every individual on the surface of the world actually has been affected,” he said.

“And that means mass trauma, which is beyond proportion, even bigger than what the world experienced after the second World War. And when there is mass trauma, it affects communities for many years to come.”

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