If the country defaults on its debt, millions of people would lose their jobs, retirement accounts would be decimated, Social Security payments could be delayed, Medicare and Medicaid benefits could be affected, and military members could see paychecks delayed.
The US economy added 467,000 jobs in January, following 1.1 million added in November and December. More than six in 10 Michiganders believe the state’s job market is strong.
Michigan added nearly 40,000 jobs in 2021, and the state’s unemployment rate fell dramatically. Economists and policy experts attribute the economic boom, in part, to President Joe Biden’s American Rescue Plan.
Just step inside the dining halls at Michigan State, and you’ll see a trend across the state: People aren’t returning to work. That’s despite a good economy.
The real reason businesses struggle to hire during the economic recovery has little to do with direct COVID relief and a lot to do with poor wages and working conditions.