Original title: the number of non-farm payrolls in the United States in August was much lower than expected. American economists worry about the wave of unemployment or repeat it. Source: CCTV.
The unemployment rate in the United States fell 0.2 percent month-on-month to 5.2 percent in August, but the number of new jobs in the non-agricultural sector was only 235000, far less than expected, according to data released by the Labor Department on Sept. 3.
Data show that the unemployment rate in the United States continued its downward trend in August, but it was still 1.7 percentage points higher than that before the outbreak of the COVID-19 epidemic in February last year. Specifically, the number of unemployed in the United States fell to 8.4 million in August. The number of long-term unemployed who have been out of work for more than 27 weeks fell by 246000 to 3.2 million from the previous month, 2.1 million higher than in February last year. The number of people unable to go out to look for work due to the epidemic is 1.5 million, indicating that the renewed severity of the epidemic in the United States has affected the recovery of the job market.
Analysts believe that the number of non-farm payrolls added in the United States in August was far lower than expected, indicating concerns about the rapid spread of the mutant novel coronavirus Delta variant. At the same time, the job vacancy caused by the difficulty of recruiting qualified employees is also the main reason for the slowdown in the growth of this index. In addition, the surge in the number of infections may make it more difficult for companies to recruit.
Us economists worry that last year's unemployment wave may repeat itself.
The Labor Department announced on the 3rd that the number of non-farm payrolls added in August was only 235000, far below the expected figure of 750000, the smallest increase since January this year.
In a speech at the White House on the same day, US President Joe Biden blamed the dismal August employment data on the surge in the number of people infected with Delta mutants nationwide.
Some US economists worry that with the large-scale spread of the Delta variant across the United States, the US economy will once again fall into a wave of unemployment and return to the grim situation of last winter.