[ad_1]
The number of US employees increased only modestly in January, and the job market recovery was disappointing for the second month in a row. The outlook remains bleak for many unemployed, supporting the view that further stimulus measures are needed.
| Main point |
|---|
|
The January data could strengthen the argument that new economies of scale are needed. President Biden has proposed $ 1.9 trillion in economic measures, but many Republicans are reluctant to provide further support and the $ 900 billion supporting measures enacted in December last year. They will want to see if they make it into the economy.
The employment figures were weaker than expected, reflecting job cuts in retail, transportation and warehousing, and entertainment and hospitality. Job growth in other industries was modest.
Average hourly wage increased 0.2% month-on-month. It increased 5.4% compared to the same month of the previous year. During the pandemic period of the new coronavirus, the scale of increase and decrease in employment is large, so it is difficult to interpret these figures. The average weekly working day increased to 35 hours (34.7 hours in the previous month).
Employment remains below pre-pandemic levels at 9.9 million. Almost 40% of the unemployed are long-term unemployed who have been looking for work for more than 27 weeks. The number of long-term unemployed in January was slightly above 4 million, almost unchanged from the previous month.
According to a review published by the government at the same time, 9.3 million jobs were lost in 2020.
See the table for details of the statistics.
Original title:US payrolls lose estimates after further decline in December
(Add and update statistics details)
