President Joe Biden on Friday, Sept. 3, wrote the lackluster August job report – which, according to the Department of Labor, saw 235,000 new non-farm jobs a month – on the continued proliferation of the Delta variant and Americans who are not yet, pinned vaccinated.
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The Labor Department had expected 720,000 new hires this month, but had seen the lowest number of jobs since January since January.
“There is no question that the Delta variant is the reason that today’s job report is not stronger,” said Biden shortly after the publication of the data in the White House. “We have to make more progress in the fight against the Delta variant.”
Biden said Americans who fail to get vaccinated against the COVID-19 pandemic are prolonging the outbreak and also adding to many of the fears that are hurting the country’s overall economy.
“This is an ongoing pandemic of the unvaccinated,” said Biden. “Too many have not been vaccinated and that causes a lot of uneasiness in our economy and at our kitchen tables.”
Nearly 175 million people, which is nearly 64% of adults in the United States, are fully vaccinated, according to the Centers for Disease Control and Prevention (CDC).
Biden acknowledged the weak employment figures, but defended the country’s economic progress during his tenure. “We are seeing a sustained and strong economic recovery,” he said, referring to the decline in unemployment from 6.3% in January to 5.2% in August. “The Biden plan works. We achieve results. “
Biden also said the White House will introduce new tactics to protect schools, businesses, families and the economy to combat the Delta variant.
In the United States, 962,000 new jobs were created in June and 1.05 million new jobs in July. According to the US Bureau of Labor Statistics, the unemployment rate fell 0.2% from 5.4% in July to 5.2%.
According to Bureau statistics, the average number of new jobs in 2021 is 586,000. In August, 74,000 jobs were created in professional and corporate services and 19,000 jobs in architecture and engineering. Employment levels in the leisure and hospitality sector remained unchanged, after an average increase of 350,000 since February.
NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL COMPANIES USE CRYPTO CURRENCY
Above: Despite their price volatility and regulatory uncertainty, new PYMNTS studies show that 58 percent of multinationals are already using at least one form of cryptocurrency – especially when transferring money across borders. The new survey on Cryptocurrency, Blockchain and Global Business, a collaboration between PYMNTS and Circle that surveyed 500 executives, examines the potential and pitfalls crypto faces on its way into the financial mainstream.