A further increase in the number of jobs generated was expected, but the Delta variant chilled the recovery. In any case, the index is at its lowest level since the beginning of the coronavirus pandemic.
Unemployment in the United States fell to 5.2% in August, two tenths less than in July, while 235,000 new jobs were created, the Labor Department reported this Friday.
The number of new jobs for August is below expectations. It could indicate that the Delta variant is affecting the country's economic recovery. According to the revised figures, 1.1 million new jobs were created in July.
In August, there were significant job benefits in occupational and commercial services, transportation and warehousing, private education, manufacturing and other services, the Labor Department noted in its press release.
Conversely, retail employment declined.
The unemployment rate continued to fall, to 5.2%, as expected, from 5.4% last month.
This decline is partly explained by the fact that many people have left the labor market and are no longer actively looking for work.
Monthly job creation allows us to catch the pulse of the US economic recovery.
The figures were released after reports this week that weekly applications for unemployment benefits in the United States have reached a new low since the onset of the COVID-19 epidemic.
Between August 22 and 28, 340,000 applications for unemployment benefits were registered, down 14,000 from the previous week, when there were 354,000, according to the U.S. Department of Labor.
Analysts expect 348,000 new orders a week under study.
Initial applications have been closed for months due to further opening up of the economy and high demand for labor. Nonetheless, they are higher than pre-epidemic levels, and the rapidly spreading Delta variant has added uncertainty to the economic landscape, threatening future extinction.
Recently, the Government of the US President, Joe Biden, announced that it would not seek to extend the reinforcement of $ 300 a week in the unemployment benefit that expires on September 6, given the improvement in the economic recovery after the crisis caused by the pandemic of COVID-19.
The $ 300 ratification will expire on September 6, according to the schedule, Treasury Secretary Janet Yellen and Labor Secretary Marty Walsh sent a joint letter to the Senate Finance Committee.
As President Biden put it, "he added, the promotion was always a temporary one, and the benefits are worth it."