US Pres. Biden: People offered a job must take it or lose unemployment benefits
US President Joe Biden said on Monday that they need to stay focused on creating jobs and beating the coronavirus pandemic, as reported by Reuters.
Additional takeaways
"We're moving in the right direction on economic growth."
"In the months to come, the US will see the fastest economic growth country has seen in 40 years."
"Coronavirus counts have dropped since April jobs reports, vaccinations are up."
"State and local governors can apply for funds starting Monday."
"1. 3 million state and local employees are out of work."
"People offered a job must take it or lose unemployment benefits."
Market reaction
These comments don't seem to be having a noticeable impact on risk sentiment. As of writing, the S&P 500 Index was down 0.2% on a daily basis at 4,224.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
