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The Biden administration remains perplexed by the number of eligible workers who aren't taking available jobs, U.S. Labor Secretary Marty Walsh tells "Axios on HBO."

The big picture: The U.S. economy added just 194,000 jobs in September, far below economist expectations.

  • Particularly surprising was the seasonally-adjusted drop in public school employment.
  • Walsh suggested that COVID concerns, particularly for public-facing service jobs, could be keeping people out of the workforce. He also mentioned that the pandemic caused many people to seek out a new career.
  • Some economists and elected officials, particularly Republican governors, had argued that ending expended unemployment benefits would result in a major jobs uptick. But the evidence, so far, has not borne that out.

Go deeper

Oct 19, 2021 - Economy & Business

"No-code" miracle for startups

Expand chart
Data: Interactive Advertising Bureau; Table: Axios Visuals

The U.S. has reached a tipping point in its shift from the industrial economy — one that relied on the buildout of hardware — to an information economy that relies on the transfer, storage and implementation of data, according to a new report.

Why it matters: This shift towards a data and information-based economy has allowed more businesses to establish themselves and scale quickly and at a very low cost. As such, the number of jobs created by the commercial internet has more than tripled since 2012.

11 mins ago - Health

India crosses 1 billion COVID vaccinations milestone

A health worker inoculates a COVID-19 vaccine dose to a man wearing face mask of Prime Minister Narendra Modi in Beawar, India, in September. Photo: Sumit Saraswat/Pacific Press/LightRocket via Getty Images

India's Prime Minister Narendra Modi announced Thursday that the country's health workers have now administered more than 1 billion COVID-19 vaccines doses.

Of note: This seems like a significant milestone for the country of 1.4 billion, which has been devastated by the virus, but Bloomberg notes that only 51% of the population has received one dose and 21% the second.

Trump says he plans to launch new social media network in 2022

Photo: Chris Delmas/AFP via Getty Images

Former President Trump on Wednesday announced plans to launch a social media network called "Truth Social," and that it would go public via a SPAC.

Why it matters: Most ex-presidents are focused on their legacies, by creating presidential libraries or engaging in philanthropic endeavors. Trump, however, remains consumed by social media.