Last week’s news that the economy added just 266,000 jobs when many economists were expecting closer to 1 million made for a lot of head-scratching. Republicans say that excessive Covid relief benefits are creating a disincentive for people to come back to work. Democrats say that recovery is a long road and that if anything, the anemic jobs numbers show that the economy needs an additional boost.
So, what’s really going on? To find out, you have to look at who has gone back to work, who hasn’t, and why they haven’t.
Our guest Diane Lim is an economist who over the course of a distinguished 30 year career has worked in the federal government, nonprofit and academic sectors. She writes the EconomistMom blog and has served as an advisory board member of the Frank Batten School of Leadership and Public Policy at the University of Virginia.
