Data released by the U.S. Department of Labor on September 3 showed that the U.S. unemployment rate in August fell by 0.2 percentage points month-on-month to 5.2%, but the number of new jobs in the non-agricultural sector was only 235,000, far below expectations.
data shows that the U.S. unemployment rate continued to decline in August, but was still 1.7 percentage points higher than before the outbreak of the new crown epidemic in February last year. Specifically, the number of unemployed people in the United States dropped to 8.4 million in August. The number of long-term unemployed people who have been unemployed for more than 27 weeks fell by 246,000 to 3.2 million month-on-month, 2.1 million higher than in February last year. The number of people who are unable to go out to find a job due to the epidemic is 1.5 million, indicating that the severe epidemic situation in the United States has had an impact on the recovery of the employment market.
Analysts believe that the number of new non-agricultural jobs in the United States in August was far lower than expected, showing people's concerns about the rapid spread of the mutated new coronavirus Delta mutant strain. At the same time, the difficulty of companies in recruiting qualified employees has led to job openings, which is also the main reason for the slowdown in growth of this indicator. In addition, the surge in infections may lead to greater difficulties in recruiting businesses.
US economists are worried that the wave of unemployment last year may repeat
The U.S. Department of Labor announced on the 3rd that the number of new non-agricultural jobs in August was only 235,000, far below the expected 750,000, setting the smallest increase since January this year.
On the same day, US President Biden delivered a speech at the White House, blaming the bleak employment data in August on the surge in the number of patients infected with the Delta variant across the country.
Some American economists are worried that with the large-scale spread of the Delta variant throughout the United States, the US economy will once again fall into the wave of unemployment and return to the severe situation last winter.
Source: CCTV News Client
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