News: October 8, 2021. The US Unemployment Rate Declined to 4.8% in September 2021

in LeoFinance2 months ago

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The unemployment rate declined by 0.4 percentage points to 4.8%, according to the publication of the Bureau of Labor Statistics. In September 2021, the most important job gains occurred in the leisure and hospitality, in professional and business
services, in retail trade, and in transportation and warehousing. Job losses occurred in the public education area.

The unemployment rate has continued to decrease, however, it has not achieved pre-pandemic levels. It is to note that this report showed a much less than expected gain in jobs (+194000). 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. In addition, we have to see the effects of the COVID-19 vaccine mandates. Many workers are just deciding not to return to work.

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.

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Very interesting information! your profile is great. I did not understand why do you think many workers may decide not to return to work? Because? Due to the fear of becoming infected with Covid?

Some workers decide not to be subject to a vaccination. Other workers have retired

Good information. Its positive thing unemployement reduces by 0.4% and may reduce after pandemic.

Thanks for the information provided regarding awareness. Wish other workers be at their work and get rid of the fear of COVID.

We pray to the world to get rid of this virus as soon as possible and to restore life and employment.