China News Service, Washington, August 7th. The US Department of Labor released data on the 7th, saying that the non-agricultural sector added 1.8 million new jobs in the US in July, and the unemployment rate was 10.2%, down 0.9 percentage points from the previous month.

  Affected by the new crown pneumonia epidemic, the unemployment rate in the United States soared to 14.7% in April, and the non-agricultural sector job market decreased by 20.5 million jobs. In the following three months, the unemployment rate gradually declined, but it was still at a double-digit historical high.

  Data shows that the total number of new jobs created in the United States in July has fallen from the previous two months. The main growth comes from leisure and hospitality, retail, business services and medical insurance. Among them, the leisure and hotel industries that were severely affected by the epidemic increased 592,000 jobs in the month, and the retail industry increased 258,000.

  The US media believes that due to fears of a further rebound of the epidemic, most areas of the United States have currently suspended or cancelled plans to restart economic activities, corporate recruitment plans are still being shelved, and consumers are also hesitant to go shopping or travel. Although Americans continue to return to work, in the absence of vaccines and therapeutic drugs, it is not easy for the US economy to maintain the momentum of recovery.

  The Associated Press said that the rebound of the epidemic in the United States in July has weakened the momentum of employment and economic recovery. After about 22 million people were unemployed due to the epidemic in March and April, only about 42% of the jobs before the outbreak were restored in the past three months.

  According to statistics from the US Department of Labor, there were still 16.3 million unemployed people in the US in July. Among them, nearly 8 million were unemployed for more than 15 weeks, an increase of over 4.7 million from June.

  Bloomberg News believes that in the absence of vaccines, further employment growth in the United States is increasingly difficult, and there are signs that the employment situation will tend to weaken in the coming months. The inability of the White House and Congress to reach an agreement on a federal unemployment relief package of $600 a week means that American households will spend less on consumer spending, and companies will face a greater shortage of funds.

  The Wall Street Journal cited the views of economists and pointed out that although the US labor market is “in the midst of a fairly strong rebound”, the economic decline is so large that it may take at least a few years to return to pre-epidemic levels. . (Finish)