374,000 jobs added in August, below expected number

374,000 jobs added in August, below expected number

Sep 02, 2021

217 Views

0 comments

374,000 jobs were added in August as compared to 330,000 in July. Although the numbers look high, the predicted number of jobs was 638,000 while the number of jobs actually added was 374,000. The service sector is responsible for a large number of jobs added. Data recovered from research conducted by ADP has shown the downfall shift in the labor market as opposed to the job growth seen during the first half of this year.

Research has concluded that the job growth is very much dependent on the pandemic, as the virus subsided there was subsequent job growth but as soon as the Delta variant took hold of the states, there was a dip as shown by the numbers. The pace of growth is not in line with the predicted level.

Source: U.S.News

Previous days news

Comments

    Article
    25+ Hiring Strategies To Help You Source Talented Candidates

    Companies have resorted to digital hiring processes to ensure health, safety, and convenience to jo ...

    Hiring Secrets of The Most Successful Companies

    A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...

    Did You Lose Your Job During COVID-19? Here’s What to Do

    First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...

    All you need to know about the teaching profession

    Teaching jobs: transformative teacher roles you can undertake amidst the teacher shortage in the US ...

    Show more news