Still Coming Back
The Bureau of Labor Statistics today released their jobs report for April, and there’s still a long way to go before we reach a pre-pandemic comeback, only 266,000 jobs were added compared to 916,000 in March, and the nation’s unemployment rate rose 0.1 percent from an even 6 percent to 6.1 percent.
Though, the leisure and hospitality saw a much needed boost in customer demand leading them to hire and call back in workers on furlough, plus local government and other services on a spending spree to hire workers, demand dropped for temporary help services, carriers, and messengers as the nation leaves home more often than before, which causes a slight uptick in April unemployment.
Despite April being a slow month for job growth, the weekly unemployment figures by the United States Department Of Labor on Thursday saw their lowest jobless claims yet in the entire COVID19 pandemic, only 498,000 initial claims were filed with the weekly insured unemployment rate staying at 2.6 percent.
Daniel Quintanilla
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[…] 6 percent by a nice amount of 0.3 percent to 5.8 percent, it’s certainly a huge improvement from April’s job numbers where only 266,000 were added and the rate was up to 6.1 percent due to a drop in demand for […]