United Kingdom

US labor market is tight despite slow employment growth: Financial Times

London, January 14 (Xinhua)-The pace of US employment growth slowed in December 2021, but the labor market looks tight, the Financial Times editorial said.

US employers added 199,000 jobs last month, a growth far below the economists’ expectations surveyed by The Wall Street Journal, which estimated an increase in 422,000 jobs. It also represents the lowest monthly profit in a year.

While employment growth has slowed, UK newspapers said, “Maybe it’s because companies struggled to find workers. The unemployment rate fell to 3.9%, just above the February 2020 unemployment rate. I did. “

“This worker’s departure from the employment market shows that inflation and wage data may be much closer to what the US calls full employment, but still in the US than it was before the pandemic. Means there are 3.6 million fewer workers. ”New newspaper added.

US labor market is tight despite slow employment growth: Financial Times

SourceUS labor market is tight despite slow employment growth: Financial Times

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