374,000 jobs added in August, below expected number

374,000 jobs added in August, below expected number

Sep 02, 2021

224 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
    How to Avoid Burnout in 2022

    Whatever your work setting may be, it’s important to stay productive while you don’t burn out. Here ...

    COVID-19 - 6 Challenges Staffing Firms Are Likely to Face

    Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...

    Driver Jobs to Watch Out For

    If you love being on the road, if you love driving with the wind rushing through your hair, if your ...

    With Remote Working Being the New Norm, How to Hire the Best remote Workers

    Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...

    Show more news