![]() Overall, women have left the labor force at a significantly higher rate than men with 2.5 million exiting compared to 1.5 million men. Women have borne a much heavier share of job losses due to occupational segregation and caretaking responsibilities, notes Elise Gould of the nonpartisan Economic Policy Institute. ![]() The topline numbers also hide the disproportionate effect that the pandemic has had on different segments of the population. “That being said, we’re still in a very very deep hole, and these are not the numbers you would hope to see in a robust recovery.” “Obviously it’s great that job gains beat expectations and they are faster than pre-covid average monthly gain,” Julia Pollak, a labor economist at ZipRecruiter, told the Post. Similarly, while the official unemployment rate is slightly above 6 percent, Federal Reserve Chair Jerome Powell said last month that the real unemployment rate is probably closer to 10 percent when accounting for people who have left the labor force. is still down close to 10 million jobs from before the pandemic that figure is potentially closer to 12 million jobs if you account for lost job growth. To be clear, President Joe Biden hasn’t broached the topic yet and a fourth check remains purely a matter of speculation at this point. Here, I’ll argue the bull case for why a fourth stimulus may still come to fruition later in 2021 or in 2022. ![]() In a previous column, I outlined the bear case for why a fourth stimulus check is unlikely to materialize. After three rounds of stimulus checks, many Americans are curious whether a fourth stimulus check is possible. While current direct payments are much more targeted than previous ones, they have catalyzed the economy with initial data showing a 23 percent increase in credit and debit card spending compared to two years ago. The third round of $1,400 stimulus checks has already starting hitting American’s bank accounts. Here is the bull case for why a fourth stimulus may still come to fruition later in 2021 or in 2022. President Joe Biden hasn’t broached the topic of a fourth stimulus check yet and it remains purely a.
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