Portland

US employers add weak 194,000 jobs in September as COVID-19 maintains hold – Portland, Oregon

Portland, Oregon 2021-10-08 09:10:19 –

Washington(NewsNation Now) — American employers added 194,000 jobs in September. 2nd month With relatively weak profits, there is evidence that the pandemic is still in control of the economy and many companies are struggling to fill millions of outstanding jobs.

However, the overall unemployment rate fell from 5.2% to 4.8%.

Report, Issued by the Ministry of Labor On Friday, while the economy showed signs of emerging from the drag of the Delta variant, labor shortages still plagued employers and showed that supply chain problems were crippling businesses.

President Joe Biden will speak in a report on Friday morning. NewsNation will livestream his remarks on the above players.

When September began, the new COVID-19 infection remained high. Employers are still struggling to find workers, as restaurant traffic has begun to increase and consumers continue to spend, while many pandemic unemployed people have not yet begun to look for them again. Supply chain bottleneck It also worsened, slowed down factories, restrained homebuilders, and emptied some store shelves.

Many economists still believe that most of the approximately 3 million people who lost their jobs due to a pandemic and stopped looking for a job will resume their search as their COVID declines. They say it took years after the 2008-2009 recession that the percentage of people working or looking for a job returned to pre-recession levels. The government does not count people as unemployed unless they are actively looking for a job.

NS The number of Americans seeking unemployment benefits fell last week Another sign that the US job market and economy are steadily recovering from last year’s coronavirus recession.But this is It’s been four weeks since the unemployed bill was withdrawn.

Several enhanced unemployment benefits, including a $ 300 weekly federal grant and the first program for gig workers and those who have been unemployed for more than six months, ended in early September. So far, the termination of these programs seems to have had a negligible impact on the number of people seeking work.

Governor of about 25 states terminated the $ 300 benefit before the national expiration in September. A study by Goldman Sachs economists found that unemployed people looking for a job were much more likely to get a job when their benefits ended. However, the early cutoff did not allow bystanders to start the search again, Goldman concluded.

Meanwhile, fear of COVID continues to be on the sidelines of some job seekers, especially those who previously engaged in public service jobs at restaurants, bars, hotels and retail stores.

The Associated Press contributed to this report.

US employers add weak 194,000 jobs in September as COVID-19 maintains hold Source link US employers add weak 194,000 jobs in September as COVID-19 maintains hold

Back to top button