US accelerates job creation in June in full recovery

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Washington, Jul 2 (EFE) .- Job creation in the US strengthened in June with the generation of 850,000 new jobs, while the unemployment rate rose one tenth to 5.9%, in the middle of the economic recovery after the pandemic.

The solid data on job creation exceeded market expectations, which expected 650,000 new jobs, and points to a consolidation of the economic rebound in the US after several months of doubts about the situation in the labor market.

Most of the jobs created last month were in the hospitality sectors, with 194,000 new jobs in restaurants and 75,000 in hotels; and in education, 155,000 at the local level and 75,000 at the state level.

In May, the US economy created 559,000 jobs, and in April, 266,000, low numbers that have caused concern, since they have coincided with the beginning of the economic reopening of the country as vaccination has been expanded.

“Simply put, our economy is up and running and the covid-19 pandemic is on the run,” US President Joe Biden said in a statement from the White House after the June data was released.

This Friday’s report from the US Bureau of Labor Statistics (BLS) also noted that the average hourly wage increased in June by $ 0.10 to $ 30.40.

“More jobs. Better wages. It’s a good combination,” Biden stressed.

The labor force participation rate, however, remained unchanged at 61.6%.

Despite the sustained improvement, there are still 6.8 million fewer jobs than in February 2020 when the covid-19 pandemic hit the country.

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