US job market challenges economy

MY main scenario for the US economy is a prospect of strong growth, which follows the general expectation in the financial markets. Although currently, I experience a challenge of a different dimension when the US economy goes under the microscope. Because now, the world’s largest economy must return to “normal,” but we all know that there will be a “new normal,” where the great uncertainty is whether this “new normal” will make noise in relation to the expectation of the strong economic recovery in the United States.

The positive expectations for the continued growth of the US economy are confirmed, as unemployment rate is already down at 6.1 percent again. It is a reasonable indicator, but the US economy is different compared to many other economies, so one cannot simply judge the temperature based on one figure. This development, combined with the continued reopening in large parts of the United States, led the majority of economists to believe in a new creation of jobs outside the agricultural sector of as much as 1 million new jobs in April. Instead, the number was a disappointing 266,000 new jobs, and at the same time, the media are full of stories about American companies, both large and small, not being able to find people to hire — here, one can ask the question: Where have all people gone?