Labor Sec. Walsh: ‘If We’re in a Recession, Companies Would Be Laying People off Rather than Hiring Them’

‘We saw the unemployment rate 3.5% today, the day before the pandemic was 3.6%’


WALSH: "Well, certainly something out there today we’re hearing, if we’re in a recession, companies would be laying people off rather than hiring them. We saw people hiring not at record numbers, but in big numbers, obviously. I think a lot of companies are still growing, a lot of companies are still adding people on. We have seen all the jobs that were lost pre-pandemic recovered from the pandemic. We saw the unemployment rate 3.5% today, the day before the pandemic was 3.6%, so we’re seeing lowering numbers there and we’re seeing people go back to work. In certain areas we’re seeing education, local education numbers going higher, we've seen retail up, and manufacturing, quite honestly, is probably for me one of the most exciting, biggest surprises we have because we have seen not just that industry recover since the pandemic, but we have seen that go beyond that. And then now with the Chips Bill that the President will sign into law next week, we’re going to have the opportunity to really create more opportunities for manufacturing in the United States, particularly around semiconductors."

Video files
Audio files
Similar stories
Gillibrand on Her ‘Mandatory Gun Buy Back’ Idea: ‘You Don’t Want to Grandfather in All the Assault Weapons’
Harold Ford Jr: a ‘Reasonable’ Person Would Send People out to Either Show Evidence or ‘Retract’ Wiretap Claim
Jim Cramer: There Is an Optimism, People Are Hiring, I Found It Astonishing
Lawrence Jones: American People Sent a Message with Trump Putting Illegals First Is Over
MSNBC’s Ruhle: It’s About Time We Get a Recession, It Would Be Normal & It Would Be Okay