Home Business The U.S. unemployment rate has fallen for 6 consecutive months, the epidemic has repeatedly unfavorable the job market continues to pick up

The U.S. unemployment rate has fallen for 6 consecutive months, the epidemic has repeatedly unfavorable the job market continues to pick up

by news dir

Original Title: The U.S. unemployment rate has fallen for six consecutive months and the epidemic has repeatedly adversely affected the job market

Data released by the U.S. Department of Labor on the 6th showed that in OctoberunemploymentrateChain ratioA decrease of 1 percentage point to 6.9%, the sixth consecutive month of decline, but the recent surge in confirmed cases of the new crown in the United StatesEmploymentmarketRecovery adds challenges.

Data show that in October the United Statesunemployment rateSignificant decline from the previous month, new non-agricultural sectorsEmployed populationReached 638,000 people.Among them, new employment in leisure and hotel industrypost271,000, professional andbusinessserviceThe employed population increased by 208,000,manufacturing38,000 new jobs were created.

The data also shows that in October the United StateslaborThe participation rate rose by 0.3 percentage points from the previous month to 61.7%, but it was still 1.7 percentage points lower than before the epidemic.Unemployed for more than 27 weekslongUnemployed populationChain growth1.2 million, reaching 3.6 million, accounting for 32.5% of the unemployed; the permanent unemployed population also stands at a high of 3.7 million, 2.4 million higher than the level in February, highlighting that the US job market is still fragile. At the same time, the unemployment rates of African Americans, Latino Americans, and whites were 10.8%, 8.8%, and 6%, respectively, indicating that the recovery of the US job market is uneven.

Analysts pointed out that the U.S. job market continues to recover, but new confirmed cases of new crownimproveAdd challenges.At the same time, the U.S. Congress has been slow to start a new roundfinancialThe stimulus plan was agreed to limit the flow of unemployed andenterpriseoffunds, Is not conducive to the continued recovery of the job market.

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United States Federal ReserveCommitteeChairman Powell on the 5thcurrencypolicymeetingAfter the endPress conferenceShang said that the recovery of the US job market is “half at best.” There is a risk of further spread of the epidemic, which will put pressure on the continued economic recovery.

(Article Source:Xinhuanet

(Editor in charge: DF524)

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