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Looking for work in the United States. (Illustrative image)
The United States is starting to show an economic recovery after the strong impact caused by the COVID-19 pandemic, as it was reported this Friday that the unemployment rate fell 6.2 percent and added 379 thousand new jobs to work in the month. from February.
This encouraging data for the United States economy comes from the report prepared by the Bureau of Labor Statistics (BLS, for the acronym in English) and released on Friday, March 5.
In this regard, the BLS noted, “The job market continued to reflect the impact of the coronavirus pandemic. In February, most of the labor gains were realized in leisure and hospitality, and to a lesser extent more jobs were recorded in temporary emergency services, medical care and social assistance, retail trade and production of goods ”.
Payroll employment rose by 379,000 in February; unemployment rate changes little by 6.2% https://t.co/1Y9cSWJUIB #JobsReport #BLSdata
– BLS Labor Statistics (@BLS_gov) March 5, 2021
However, the agency notes that employment has declined in sectors such as education, construction, and state and local government, and mining.
The number of unemployed people in the United States has fallen to 10 million
The Labor Department reported Friday that nonfarm payrolls rose 379,000 in February and the unemployment rate fell to 6.2 percent. That compared to expectations of 210,000 new jobs and the 6.3 percent unemployment rate, the Dow said. pic.twitter.com/YI5gyXP5ad
– CNBC (@CNBC) March 5, 2021
According to US government figures transferred by Infobae, the number of unemployed people in the United States has fallen to 10 million, a figure “still well above” last February’s pre-pandemic levels, when there were about 5.7 million. people were unemployed.
The aforementioned media reports that job creation has made a leap forward in the health and social assistance sector, creating approximately 46 thousand jobs. The retail trade provided 41 thousand jobs.
From the BLS, they announced that the March employment situation will be published Friday, April 2, 2021 at 8:30 a.m.
Despite the slight recovery in US employment, economists warn that there is still “no recovery”.
Hours before the BLS published its report on United States unemployment rates for the month of February, CNBC published an article citing economists who were unhappy with the statistics.
Employers likely added more jobs in February, but economists say there is no recovery yet https://t.co/BSaQxQoTn5
– CNBC (@CNBC) March 4, 2021
“After two months of smoother monthly employment reports, we expect a solid increase in the number of jobs in February of 410,000. The reference period for the February salary report is on the eve of new reopenings following increased activity restrictions and company closures during the winter months. The strength of our forecast comes from re-hiring leisure and hotel workers, ”said Citigroup economists, consulted by CNBC.
For his part, Michael Gapen, chief economist at Barclays in the United States, analyzed: “It is correct to expect that labor market momentum will improve through the combination of a reduced number of cases and a general relaxation of restrictions, and move away from the unfavorable climate could generate a job rebound in March ”.
“I think we will have above average job growth in the second and third quarters. I’m saying something on the order of 500,000 a month in the second quarter and 750,000 a month in the third quarter, ”the specialist added.
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