Varney and Co. said he is encouraged by Friday's employment report but acknowledged America still has a long way to go during an interview with FOX Business from Marty Walsh and Co.
The Labor Department added 916,000 jobs in March, showing the recovery of the labor market from the coronavirus pandemic is gaining further momentum according to the Labor Department.
US ECONOMY ADDS 916,000 JOBS IN MARCH AS SERVICE-SECTOR HIRING BOOMS.
The unemployment rate also ticked down to 6%, its lowest level since the COVID-19 Pandemic. Despite the gains, the U.S. economy has 8.4 million fewer jobs than it did before the pandemic.
We still have much more work to do, Ashley Webster told Walsh on Friday. Looking at these numbers month after month, we do n't see much change yet. So, we still have a long way to go.
Walsh credits recent job gains to competent economic policy, as well as a good vaccination plan that has helped many Americans feel confident returning to work.
In March, the leisure and hospitality industries saw an employment boost. Walsh believes that this will expand to other related businesses such as convention centers as soon as more people get vaccinated.
In those areas, he said that we have a lot of room for growth.
GET FOX BUSINESS ON THE GO BY CLICKING HERE.
Walsh went on to say that building jobs is n't enough; the administration is also trying to build back the middle class, which he says will be achieved by the recently announced infrastructure plan. That's something that will be important as far as economic policies for the United States of America and American workers, he said.
CLICK HERE TO READ MORE ON FOX BUSINESS.