Usa, the economy restarts and jobs are growing
The American economy, despite significant (but not as significant as feared) levels of Omicron contagion and high inflation, is reacting with great force. And employment growth and the resulting unemployment rate are among the indicators of this recovery. In January, the United States created 467,000 jobs, after a few months not in line with expectations. The unemployment rate went up by a tenth, from 3.9% in December to 4%, according to the Department of Labor. As in other parts of the world the most contagious, but less lethal Omicron , impacted economies in a different way than at the beginning of the pandemic. Even with millions of infected people forced to quarantines, the dramatic generalized lockdowns and the closures of premises or activities of different kinds have not been repeated. And this has meant economic recovery in the United States.
Usa, with Omicron over 800,000 infections a day
Unemployment data from the Department of Labor refers to January when the pandemic caused by the new variant was recording beyond 800,000 infections a day. The Census Bureau in its most recent survey it found that, from late December to early January, well 14 million Americans they did not show up for work because either they had Covid-19, or they were treating some family member or were in quarantine for having come into contact with positives. But, in any case, the American recovery is continuing in light and shade. On the one hand, the infections are slightly decreasing but on the other inflation has now reached 7%, the highest figure for the last 40 years. Precisely to curb the trend, the Federal Reserve has announced that it intends to, over the course of the year gradually increase rates of interest. Interest rates that are now 0%.
USA, employment still growing
However, the latest data, according to observers, are not completely realistic of the trend as they detect a time of year in which many workers hired on time for the Christmas holidays are left at home. economic observers are convinced that the labor market will maintain its growth also in the coming months. On Reuters, the president of the St. Louis Fed predicted that ithe unemployment rate will drop below 3% this year, a threshold seen only in the early 1950s. The truth is that the US economy and the labor market are both growing right now. The US economy rebounded after the pandemic and regained strength in the last three months of 2021 growing by the 5.7%, the strongest progress since 1984, and this bodes well for all the economies of the world.
#Usa #economy #restarts #jobs #growing