amogosolomon
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The Non-Farm Payroll (NFP) is a monthly measure of the United States labor market health, released every first Friday of the month by the Bureau of Labour Statistics. It is a key economic indicator for the United States economy and among the most market-moving data points for the US Dollar, US equities, Treasuries, and Gold.
Tracking the growth pattern, the United States job market has remained resilient amid the pandemic drift and recession hit. Its rebound is the strongest among the big western economies. The job lost to the pandemic are now seen recovering speedily across the different sectors of the economy which cut across the Construction and manufacturing sector, transportation and warehousing, professional and business services, technologies, and the hospitality industry. The multiple rounds of government stimulus above $5.2 trillion injected into the economy and the Fed low rate are some of the strong drivers of the growth.
However, the major setback is that employers are reporting difficulties in hiring and retaining workers despite the salary raises, massive economic recovery, and increased demand for workers. According to a source report, "The United States economy is experiencing two historic surprises; first, demand for workers is soaring at a velocity rarely seen before. Secondly, despite companies going all out to hire millions of workers, millions of workers either retired early or stayed on the sidelines".
kindly hit the link below for the complete publication:
https://actmarkets.com/us-job-market-recovers-speedily/
