Washington, United States
the Unemployment in the United States fell to 5.2% in August, The lowest level since the beginning of the pandemic, in a meager consolation for the government of President Joe Biden, after two weeks clouded by a hurricane, the withdrawal from Afghanistan and the increased cases of covid-19.
“Unemployment rate is lowest in 18 months”, Biden said from the White House, after the data was released. “What we are seeing is a strong economic recovery,” he added, “and we have added an average of 720,000 jobs to each of the last three months.” The president has assured that job creation has grown in each of the seven months of his government: “The United States is the only developed country whose economy is now larger than before the pandemic.”
LEA: US employment statistics, according to BLS
The Office of Labor Statistics (BLS) reported on Friday that the world’s largest economy added about 235,000 jobs in August, the lowest figure in seven months and after adding 1.1 million in July. The increase in employment was below the calculations of analysts, who expected the addition of about 730,000 jobs, and the Staffing was remarkably weak in services that required person-to-person relationships.
The BLS report coincides with an increase in new coronavirus cases and its delta variant. In August, the number of people who said they could not find work due to the pandemic increased by about 400,000 to 5.6 million. Labor market data could affect the decisions of the Federal Reserve (Fed) which, after the huge stimuli approved to alleviate the pandemic, now considers a change of direction in its monetary policy.
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Employment in the private sector increased by 243,000 jobs, compared to the 78,000 added in July, while the government sector lost 8,000 jobs in August. Hourly wages for workers rose last month an average of 0.6% to $ 30.37 and have increased 4.3% in one year. Data from recent months indicate that growing demand for labor as a result of the revival of the economy, has put pressure on the salary increase.
The contingent of unemployed people fell to 443,000 in August and stood at 2.5 million, according to BLS, but remains 1.2 million higher than in February 2020 when the pandemic impacted the northern labor market. American. In August, the number of people who have been stopped also decreased for 27 or more weeks, with a reduction of 246,000 workers, and stood at 3.2 million, compared to 2.1 million in February 2020.
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“In August there were notable increases in employment in professional and business services, transportation and wholesale warehouses, private education, manufacturing and other services,” BLS noted. The manufacturing sector added 37,000 jobs in August, of which 24,000 occurred in the manufacture of motor vehicles and their parts. Employment in leisure and hospitality activities remained unchanged after an aggregate average of 350,000 jobs each month in the last half.
BLS reported yesterday that the weekly number of applications for unemployment benefits in the United States dropped last week to 340,000, compared to 354,000 the previous week. The average number of applications in four weeks, a measure that compensates for the weekly highs and lows, Stood at 355,000, up from 366,750 the previous week. According to BLS, in the seven-day period that ended on August 21, there were 2,748,000 people receiving this social benefit compared to 2,908,000 the previous week.
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Weekly applications for unemployment benefits rose to an unprecedented 6.8 million at the end of March last year and have since been declining with ups and downs as the economy has gone gradually returning to activity. EFE