September jobs report hints at unemployment benefits' muted role in pandemic labor market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The U.S. added 194,000 new payrolls and the labor force shrank by 183,000, according to the September jobs report issued by the Bureau of Labor Statistics.

"In fact, we find that the loss of benefits is associated with a modest decline in employment growth, earnings growth and labor force participation," Peter McCrory, an economist at JPMorgan Chase Bank, wrote in a research note last month.

While any positive impacts on job growth have been "relatively muted" so far, that may change later this year and as households deplete any built-up savings, according to Daniel Zhao, senior economist at job site Glassdoor. That said, the jobs report was broadly seen Friday morning as a letdown after surging job growth over the spring and early summer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bitcoin I’m doing $1,000 Challenge To $10,000 target In the next 1 week. We will work on Binancefuture & Coin-Pumps 30%+ daily earnings, Started 1 Weeks Ago, Already At $3,000 📲Who Wants To Join Us Can Contact Me, For More Info

I am a graduate student at Columbia University.I got my bachelor degree and graduated from USC.But just because I was a transfer student from HIT WEIHAI to USC, my U.S visa was revoked under P.P.10043 which should be modified or canceled,It is unreasonable. Best wishes to you.

And you know who won’t be hit by your impending deep recession and inflation this time? It WON’T be global. Countries that decreased the volume of trade with your country will be SHIELDED from fallout of your recession. Nations that raised trade with you will only be impacted.😉

거듭나는 것은 거룩하고 의로워지는 것입니다. RaptureRevelation 휴거계시

thanks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines