According to Alphabet Inc-CL CAccording to Trends, "job" has replaced "unemployment" as a popular search term for the first time since March 2020.
It is reported that in the United States, the search frequency of the word "unemployment" on Alphabet Inc-CL C peaked at the end of March 2020, when the COVID-19 epidemic led to a trough in the US economy. until mid-September 2021, the search frequency of the word "unemployment" was still hovering above "work".
For the labour market, this trend may be a sign of a pick-up in the labour force. In the United States, labor shortages are widespread in everything from catering and hotel services to trucking and agriculture, according to some commentators. this has made American workers active in the labor market for the first time in decades: companies have raised hourly wages, offered recruitment bonuses and changed job requirements in order to attract employees.
BlackrockRick Rieder, chief investment officer of the global fixed income division, is on Twitter."We believe that 'transfer payments' and 'unemployment insurance benefits' are likely to delay or even refuse to re-enter the labor market, but now that these benefits are over, the situation of returning to work should be clearer."
It is understood that the weekly federal unemployment benefit of $300 has been paid since September 6.
Although US non-farm payrolls rose by just 194000 in September, falling far short of expectations after August, initial claims for unemployment benefits fell to 293000 in the week ended October 9, the lowest since March 2020.