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US employment is growing faster than expected

2021-07-03T03:46:58.720Z


The corona crisis hit the US labor market hard. The applications for unemployment benefits started surprisingly for several months. A relaxation can now be seen.


The corona crisis hit the US labor market hard.

The applications for unemployment benefits started surprisingly for several months.

A relaxation can now be seen.

Washington - The US economy created more jobs than expected in June.

Nationwide, 850,000 jobs were added from Friday, according to the US Department of Labor.

The unemployment rate rose slightly compared to the previous month by 0.1 points to 5.9 percent.

Analysts had only expected an average increase of 720,000 jobs.

A particularly large number of jobs have been added in the leisure and hospitality industry, in education and in retail, it said.

Analysts had expected the unemployment rate to fall to 5.6 percent on average.

There was a major setback in April: only 269,000 jobs were added outside of agriculture.

Experts had expected an increase of one million.

In May the situation improved - with an increase of 583,000 jobs, many of them in the hospitality industry.

US President Joe Biden had spoken of "great news" in view of the May figures - and of "historic progress" on the way out of the economic crisis.

On Friday he wanted to comment on the current numbers.

The pandemic hit the US economy hard: Employment collapsed at a record pace in the spring of 2020. Since then, the job market has recovered, but many Americans are still unemployed. dpa

Source: merkur

All news articles on 2021-07-03

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