The unemployment rate declined by 0.2 percentage points to 5.2%, according to the publication of the Bureau of Labor Statistics. In August 2021, the most important job gains occurred in the professional and business services, transportation and warehousing, private education, and manufacturing. Employment in retail trade declined in the month of August 2021.
The unemployment rate has been showing a steady decline since March 2020. We still have to see the effects of the changes in the fiscal policy, in particular the increases in corporate taxes which may slow down the recovery.
The official unemployment rate of the United States is the U3 rate. Please refer to this post for an explanation.
This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
Posted Using LeoFinance Beta
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