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Job search in the United States. (Illustrative image)
The United States is beginning to see rates of economic recovery after the strong impact of the COVID-19 pandemic, as it was reported on Friday that the unemployment rate fell by 6.2 percent and 379 thousand jobs were added in February.
These encouraging figures for the US economy come from a report by the Bureau of Labor Statistics (BLS) and published on Friday, March 5th.
In this regard, BLS noted: “The labor market continued to reflect the impact of the coronavirus pandemic. In February, most of the gains in employment were produced in leisure and hospitality and there were even fewer jobs, to a lesser extent, in temporary assistance services, health care and social assistance, trade in retail and manufacture of goods ”.
Salary employment increased by 379,000 in February; unemployment rate changes slightly at 6.2% https://t.co/1Y9cSWJUIB #JobsRaport #BLSdata
– BLS-Labor Statistics (@BLS_gov) March 5, 2021
However, the agency notes that employment has fallen in sectors such as education, construction, state and local governments and mining.
The number of unemployed in the United States has dropped to 10 million
The Labor Department reported on Friday that non-farm payrolls rose 379,000 for February and the unemployment rate fell to 6.2 percent. This is compared to the expectations of 210,000 new jobs and the unemployment rate will remain at 6.3 percent, according to Dow. pic.twitter.com/YI5gyXP5ad
– CNBC (@CNBC) March 5, 2021
According to US government figures sent by Infobae, the number of unemployed in the United States fell to 10 million, a figure “still far above” the pre-pandemic level of last February, when there were about 5.7 million unemployed people.
The above-mentioned media details that job creation has made a leap in the health and social care sector, creating about 46,000 jobs. Retail businesses, in turn, added 41,000 jobs.
From BLS they announced that the work situation for March will be published on Friday, April 2, 2021, at 8.30 AM (ET).
Despite a slight recovery in employment in the United States, economists warn that there is still “no recovery”
Hours before the BLS released its February US unemployment report, CNBC published an article quoting economists who were dissatisfied with the statistics.
Employers probably added more jobs in February, but economists say there is still no going back https://t.co/BSaQxQoTn5
– CNBC (@CNBC) March 4, 2021
“After two months of lighter monthly reports on employment, we expect a solid increase in jobs in February of 410,000. The reference period for the February payroll report is on the verge of reopening after the increase in activity restrictions and the closure of businesses in the winter months. The strong point of our forecast is related to the recruitment of leisure and hotel employees “, said the Citigroup economists, consulted by CNBC.
For his part, Michael Gapen, chief economist at Barclays in the United States, said: “It is fair to expect the momentum in the labor market to improve with the combination of a small number of cases and a general relaxation of restrictions and distances. depending on the adverse climate, it may generate a return in the number of jobs in March ”.
“I think we will have an increase in the number of jobs above normal in the second and third quarters. I say something of the order of 500,000 per month in the second trimester and 750,000 per month in the third trimester “, added the specialist.
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