US jobs growth picks up speed amid reopening
Written by crest887fm on July 3, 2021
US jobs growth picked up speed in June as the economic reopening continued.
Official figures show employers created a larger-than-expected 850,000 jobs last month, driven by new posts in bars and restaurants, retail and education.
The US Bureau of Labor Statistics said the despite the boost in hiring, the unemployment rate was little changed at 5.9 percent.
It comes as different industries offer incentives to battle a worker shortage.
Although the number of job vacancies has seen a record high of 9.3 million, firms such as McDonald’s and Chipotle in the hospitality industry, for example, have increased the minimum wages in their company restaurants to try to entice new staff.
The new monthly figures showed that average hourly earnings rose 0.3 percent last month after increasing 0.4 percent in May.
Although more than half of the jobs added in June were in leisure and hospitality, employment in those sectors is still down by about 2.2 million on pre-pandemic levels.