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Job growth in U.S.A

U.S. job growth likely accelerated in May as vaccinations reduced the pandemic’s impact on the economy, but companies struggled to recruit. The recovery from the pandemic recession was well on its way, as workers’ shortages were also blamed for prolonged fears of COVID-19, which saw a sharp drop in employment growth in April, which offered about a quarter of new jobs.

An estimate of one survey ranged from 400,000 to one million jobs. Employment growth has averaged 451,000 jobs per month this year.

The unemployment rate probably fell to 5.9% from 6.1% in April. At least half of the US population has been fully vaccinated against COVID-19, which has allowed authorities across the country to lift virus-related restrictions on businesses, which almost paralyzed the economy in the wake of the pandemic.In addition, there has been a steady rise in wages, a steady increase that could reinforce the argument of some economists that higher inflation may last longer than be temporary.

To read more you can visit the following link: https://www.reuters.com/business/us-job-growth-likely-picked-up-may-worker-shortages-still-challenge-2021-06-04/

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