On reopening the economy: It's time to do this

Monday, November 9, 2020
 | 
Chris Woodward (OneNewsNow.com)

employment applicationSome still want parts of the economy to remain shut down, but a spokesman for a center-right think tank says the latest jobs report proves the economy can safely open.

According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9%.

"We can safely open up the economy; we can safely open up schools, allowing for parents to go back to work and for kids to get back in the classroom," says Tim Doescher of The Heritage Foundation. "It's time to step on the gas and do this."

These numbers build off the "blockbuster GDP number of 33.1%," he adds.

"We have fallen from 14% at the height of the COVID shutdown; now we're looking at 6.9%," Doescher continues. "And the labor force participation rate actually jumped up, so that means that Americans who are completely out of the workforce came back because they see things opening up."

Doescher

Notable job gains occurred in leisure and hospitality, professional and business services, retail trade, and construction. Employment in government declined.

"We added an additional 38,000 manufacturing jobs off of September, which had an impressive 60,000-plus manufacturing jobs," cheers Doescher.

Meanwhile, states like California, New York, and Illinois have yet to reopen much, leaving a lot of people hurting.

"We hurt for them because we want life to improve for everyone," says Doescher.

There has been talk of another coronavirus relief package, complete with another round of checks to temporarily improve people's financial situations. But Doescher concludes that people do not want a stimulus check; they want to reopen their businesses and have their jobs back.

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