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Unemployment in the US rises to 5.9% in June, one tenth more, but 850,000 jobs are created

The unemployment rate in the United States stood at 5.9% last June, one tenth above the figure registered in the previous month, according to the figures published this Friday by the labor statistics office of the US Department of Labor. .

The country’s economic recovery remained stable with the creation of 850,000 new non-agricultural jobs in the sixth month of the year. In May, the increase in people employed was 583,000.

Despite this huge increase in the number of contracts, the unemployment rate has increased for two reasons. On the one hand, the total number of employees in the country (counting agricultural workers) fell by almost 18,000 people. If to this we add the nearly 151,000 people who joined the workforce, we see that the number of unemployed increased by 168,000 unemployed.

Since the recovery began in May 2020, the United States has regained 15.6 million non-farm jobs, more than two-thirds of the jobs destroyed in the crisis. The United States has yet to regain 6.8 million jobs to fully regain the job market that existed before it was hit by Covid-19.

The number of long-term unemployed, those who have been unemployed for a minimum of 27 weeks, rose by 233,000 people. Its weight in relation to the total number of unemployed increased by 1.2 percentage points, to 42.1%.

The total number of unemployed people was 9.484 million, which rose by 168,000 people, while the participation rate in the labor market remained unchanged at 61.6%.

By groups of workers, the unemployment rate among men remained unchanged at 5.9%, while among women it grew by one tenth, to 5.5%. Unemployment among young people increased three tenths, to 9.9%.

The non-farm jobs created in May are the result of 662,000 private sector hires and 188,000 new public employees.

By sectors, leisure and hospitality generated 343,000 jobs, while retail trade hired 67,100 new people and professional services companies increased their workforce by 72,000 workers.

Median workweek length fell by as much as 34.7 hours in June, while median hourly earnings increased by 10 cents to $ 30.40.

Likewise, the Labor Department has reported that the number of jobs created in April has been revised down, to 269,000 jobs (9,000 less than estimated), while the data for May has been adjusted to 583,000 jobs created (24,000 more).

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