Another disappointment: US economy adds only 194,000 jobs in September

It marked the second-straight month in which the US economy added far fewer jobs than expected. Jobs growth slowed down dramatically in August.

"The weak jobs report shouldn't be a surprise given the survey for it was taken near the peak of the Delta variant wave on September 12," said Robert Frick, corporate economist at Navy Federal Credit Union."Hundreds of thousands of jobs that could have been added in the leisure and hospitality industry alone had to wait until coronavirus infections and deaths dropped, as is happening now.

Hiring in restaurants and bars was thin last month as customers avoided travel and dining. Leisure and hospitality employers added just 74,000 jobs last month, far underperforming the industry's monthly average gain of 197,000 this year. The leisure and hospitality industry bore the worst of the pandemic-linked layoffs last year.

"Recent employment changes are challenging to interpret, as pandemic-related staffing fluctuations in public and private education have distorted the normal seasonal hiring and layoff patterns," the BLS said."I think many schools are still running with a leaner workforce than before the pandemic," Zhao said.

Source: Financial Digest (financialdigest.net)

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pfizer seeks US authorization of COVID vaccine for ages 5-11US drugmaker Pfizer said Thursday it has formally requested emergency use authorization for its Covid-19 vaccine in children age five to 11.
Source: manilabulletin - 🏆 25. / 51 Read more »

Pfizer seeks US FDA authorization of Covid-19 vaccine for children ages 5 to 11Pfizer and BioNTech said Thursday they are seeking US Food and Drug Administration emergency use authorization from for their Covid-19 vaccine for children ages 5 to 11.
Source: CNN Philippines - 🏆 13. / 63 Read more »

PH assesses implications of US, UK, AUS trilateral security pactThe Philippines is “continuously assessing” the implications of the trilateral security agreement of Australia, United Kingdom, and United States (AUKUS), a foreign affairs executive bared.
Source: manilabulletin - 🏆 25. / 51 Read more »

Biden: US to ‘deal’ with mask-related violence on planesTo date this year, there have been 4,626 reports of unruly passenger incidents, including 3,366 that were mask-related.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Pfizer seeks US FDA authorization of COVID-19 vaccine for children ages 5 to 11Pfizer and BioNTech said they are seeking US Food and Drug Administration emergency use authorization from for their Covid-19 vaccine for children ages 5 to 11.
Source: CNN Philippines - 🏆 13. / 63 Read more »

US will not pursue charges against police officer over Jacob Blake shootingThe U.S. Justice Department said on Friday it will not pursue federal criminal civil rights charges against a Kenosha, Wisconsin, police officer for his involvement in the August 2020 shooting of Jacob Blake.
Source: inquirerdotnet - 🏆 3. / 86 Read more »