China News Agency, Washington, June 5 (Reporter Chen Mengtong) According to data released by the US Department of Labor on the 5th, the unemployment rate in the United States fell by 1.4 percentage points from the previous month to 13.3%, down from its historical high in April.
The data shows that the number of non-agricultural jobs in the United States increased by 2.5 million in May, better than market consensus. The US Department of Labor believes that the improvement in data reflects the limited recovery of economic activity. In April, affected by the New Coronary Pneumonia epidemic, the unemployment rate in the United States soared to 14.7%, the highest value since the Great Depression in the 1930s, and the non-agricultural employment population dropped by 20.5 million.
"Today's employment report is much-needed good news for the US labor market. This shows that corporate recruitment is increasing rapidly. But if we think we are out of trouble, it will be a dangerous mistake." Atlantic Council Global Business and Economics Lipsky, project policy director, said.
In terms of specific industries, the leisure and hospitality industry, which lost more than 8 million jobs in March and April, ushered in the biggest rebound, adding 1.2 million jobs. Employment in the construction industry rose by 464,000, and the healthcare industry also increased by 312,000.
"The Wall Street Journal" believes that the May employment report boosted people's expectations of the US economic recovery. But concerns about the rebound of the New Crown epidemic and the recent protests that have spread across the United States will make the pace of recovery "slow and unstable."
"Although the economy has restarted, but in order to maintain social distance, the in-store passenger flow is limited. I counted it and continued to close the door to save money." Hassan, who runs a Middle Eastern restaurant in Arlington, Virginia, told the China News Service reporter.
According to data from Johns Hopkins University in the United States, as of the 5th, the number of new coronary pneumonia infections in the United States has exceeded 1.88 million, with more than 108,000 deaths.
The data shows that the number of temporary unemployed persons in the United States decreased by 2.7 million to 15.3 million in May, reflecting the gradual restart of the economy in various states in the United States and the effective improvement of the labor market. The number of people who have been unemployed for less than five weeks also fell by 10.4 million to 3.9 million, suggesting that some people who have been unemployed due to the epidemic are returning to work.
In addition, the average hourly wage of Americans fell 29 cents from the previous month to $29.75, failing to extend the April gain. The Ministry of Labor believes that this largely reflects the increase in low-income employment opportunities and puts downward pressure on average hourly wages.
The Associated Press said that employment data in May showed that the unemployment rate in the United States has bottomed out, but it may take years to fully recover to pre-epidemic levels. (Finish)