The United States added 210,000 jobs last month, the government reported this Friday, less than half of expected by analysts. Nevertheless, the unemployment rate decreased more than expected, falling four tenths to settle at 4.2%, reported the Department of Labor.
Employers added jobs throughout 2021 thanks to vaccination against coronavirus which allowed to resume normal operations and, even with the disappointing result of November, an average of 550,000 jobs have been gained per month.
The economy has yet to regain nearly four million jobs to return to its pre-pandemic level, but the data offers signs of improvement In the labor market.
The number of unemployed fell by 542,000 to 6.9 million people, according to the report, far from the 5.7 million before the pandemic.
The number of people on temporary layoffs, which stood at 18 million in April 2020 when lockdown from the pandemic was at its worst, dropped to 801,000, roughly the pre-COVID-19 level.
The unemployment rate for most racial groups decreased in November, while the proportion of people employed or looking for work – which had stagnated in recent months because many chose not to work – slightly increased.
Major industries made modest gains last month. Professional and business services added 90,000 jobs, while manufacturing and construction added 31,000 each. Retail trade, meanwhile, lost 20,000 jobs.
The employment figures for September and October were revised slightly upwards, but not enough to make up for the November number.
And amid growing concern that high inflation will take hold, the report indicates that average hourly income has risen 4.8% in the past 12 months, below the 6.2% year-on-year rise in consumer prices. .
(With information from EFE)
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Source-www.infobae.com