In the midst of coronavirus vaccine rollout happening at a rapid pace, the US labor market added close to 916000 jobs in the month of March edging down the unemployment rate by 6%. Experts claim the opening up of businesses across the country after the pandemic happens to be the core factor for the increase in jobs.
The Bureau of Labor and Statistics (BLS) reported that the continued resumption of economic activity had been curtailed due to the coronavirus pandemic.
According to statistics, nearly 30% of the population in the US received COVID vaccination successfully and the healthcare department is keen on fastening the vaccine rollout to cover the entire population. The gain in employment and confidence follows the Biden administration’s passage of a $1.9tn stimulus package that will hand $1,400 checks to the majority of Americans.
The positive hike on the job market is much needed for the nation’s economy as the pandemic burned a big hole in the job market leaving the unemployment rate high. There were also strong gains in construction, which added 100,000 jobs, and public and private education, which added 190,000 positions in total after months of heavy losses.
$2 Trillion to Cover the Economic Fallout – U.S Government!
Mar 26, 2020
Post days of wrangle the senate democrats and the White House came to terms to allocate a sum of $2 trillion to balance the economic downfall due to the deadly Corona Virus. The fund included direct payments to citizens and half a trillion to struggling firms.
The bill called “Stimulus” is the biggest fund ever passed and it is equal to 9% to the country’s domestic products and it will cater straight financial aids to people, healthcare and businesses as per negotiations.
The bill was finalized by Treasury Secretary Steven T. Mnuchin and Senate Minority Leader Charles E. Schumer (D-N.Y.) on Monday and on Tuesday to solve the pending issues.
The agreement will be voted by the Senate on Wednesday and the remaining will be followed later. Further Senate Majority Leader Mitch McConnell stated that: “At last we have a deal,” and it will rush new resources onto the front lines of our nation’s healthcare fight. And it will inject trillions of dollars in cash into the economy as fast as possible to help American workers, families, small businesses, and industries make it through this disruption and emerge on the other side ready to soar.”
$200 fine to be slammed on pedestrians crossing street while using cell phones
The Pedestrian Council of Australia is pushing for a bill that punishes pedestrians who stare at their phones while crossing the streets. The bill, if passed by the parliament could end up pedestrians paying a hefty fine of $200.
The PDA thinks that implementing this fine would stop pedestrians from putting themselves at risk of getting hit and ensure safety.
Despite the PDA’s sensible argument, the Police think that the proposed penalties are too harsh and need more consideration. Road safety experts say looking down at your phone while walking is a form of inattentive blindness.
The problem of pedestrians meeting with an accident in a split-second is rampant in Australia. In 2017 alone, the national road toll summed 1226 with another 36,000 people hospitalized.