The next phase of economic stimulus must ensure that there are jobs and must include "strategic as well as tactical" measures, White House trade adviser Peter Navarro said Thursday. The Labor Department released figures showing that the number of Americans filing for unemployment fell last week, but the pace of decline appears to have stalled.
"There will be structural headwinds, but so far, we are on the upswing with opening up the economy, but there is a lot of hard work ahead of us," Navarro said on Fox News' "America's Newsroom." "We have got to get back to a good place."
He noted that the first three phases of coronavirus stimulus legislation aimed to help America's working people through a "very difficult situation, to get back on their feet, along with businesses, particularly small businesses."
But meanwhile, some sectors such as entertainment, transportation, and hospitality are "all being disproportionately affected," said Navarro.
"We want to make sure that we have jobs moving forward and a strong economy," said Navarro, and one strategic way to make that happen is to bring manufacturing jobs back to the United States and to create a solid manufacturing base.
That way, "service sector refugees" who might lose their jobs in "beleaguered sectors" can find work, Navarro said.
"If we don't do that in phase four, if we don't see the strategic opportunity, then we will miss a big opportunity," he added.
© 2021 Newsmax. All rights reserved.