7 charts outlining what happened in August jobs report, what's ahead - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US economy added 1.37 million jobs in August, and the unemployment rate declined to 8.4%, the Labor Department reported Friday.

"Progress is clearly being made but there are still 11.5 million people who are out of a job as a result of the COVID shock," said Michelle Meyer, US economist at Bank of America, in a Friday note. There are some positive signs that people are indeed returning to work following mass furloughs and layoffs due to the coronavirus pandemic.

This ratio specifically measures those that have a job as a percentage of the total population, showing that more people are finding their way back into the workforce. One example of this is the slowed pace of jobs added back in leisure and hospitality, one of the industries hit hardest by the pandemic and related shutdowns. Even with the employment gains, total jobs are down 2.5 million since February, and the unemployment rate in the sector is 21.3%.

It's a good thing that temporary layoffs declined, as it shows that workers are returning to their previous jobs.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Inside McDonald's whirlwind week and how brands are using TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

August jobs report: US economy adds 1.37 million jobs, unemployment 8.4% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BOOM !!!! Still too high. 8.4% is high unemployment rate.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Here's what 4 economists said about the August jobs report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

What's ahead this month in the coronavirus vaccine race - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I will help 25 people earn $8000 in 3days, inbox me if interested
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »