The country's economy created more jobs than expected in the sixth month of the year, which includes entertainment and hospitality services. However, the unemployment rate rose one-tenth: 5.9%.
The US economy created more jobs in June than expected. On Friday, the Labor Department said the employment epidemic was far from recovering from the epidemic, with reports of a slight increase in unemployment figures.
A total of 850,000 jobs were created, compared to analysts' expectations of 680,000. This is the biggest growth in 10 months. However, the unemployment rate rose to 5.9% (+0.1 points) with 9.5 million unemployed.
These figures are well below their peak in April 2020, but the corona virus is well above their pre-epidemic levels. Were out of work
President Joe Biden, who prioritizes employment, was due to comment on the June report on Friday.
Official figures only present a fragmented view of the situation this month, which has just ended, as data is collected only in the first half of the month.
Surprisingly, there has been a "significant" gain in terms of employment in the leisure and hospitality sectors, which have faced the most restrictions related to Covid 19. But an effective vaccination campaign has allowed many businesses to reopen.
At the end of the summer, at the beginning of the next academic year, it was announced that other important achievements in public and private education were continuing with the reopening of many schools.
Economists were expecting a very strong employment report, with some predicting a million new jobs.
But the labor market faces endless difficulties: there is a correlation between jobs and the number of unemployed, many unemployed cannot return to work because they have to take care of their children. There is no way or because they are still afraid to catch COVID. - 19.
Some unemployed people have other career aspirations so they have decided to take their time instead of accepting an offer. At the same time, some employees quit because they do not want to go back to the office and are looking for a job that includes telecom.
Faced with increasing demand and activity, employers are increasing the number of offers with bonuses or benefits to encourage candidates.
Biden's Republican opponents have blamed the high benefits of unemployment since the outbreak of the epidemic, which has allowed some low-skilled unemployed to earn more than low-paying jobs.
Republican states have begun to expect these allocations to be withdrawn. Even so, owning one is still beyond the reach of the average person.
In June, before the onset of the epidemic, labor market participation was 61.6%, or 1.7%, lower than in February 2020.