Javier AnsorenaSEGUIRCorresponsal in New York Updated: Save Send news by mail electrónicoTu name *

Your email *

email *

The unemployment rate fell in Usa in July for the third consecutive month, but at a slower pace than in the previous two years, in a sign that the recovery in the labour market, in the midst of a pandemic that is still gaining ground in the country, even t ardará much to arrive.

The economy of the first world power joined 1.8 million jobs in July, a figure in line with what analysts had expected , and that leaves unemployment at 10.2%. It is a significant drop from the peak of the crisis -14.7% that was reached in April – but very far from the previous levels: had installed below 5% in recent years and in February, before they started to feel the economic effects of the pandemic, it touched the level of 3.5%, the lowest in the last half-century.

despite the nearly two million jobs added in the month, the pace of job creation has suffered a strong slowdown : in may, when many States began to lift the restrictions of the confinement widespread, adding 2.7 million jobs. In June, almost double that, 4.8 million.

The situation of the pandemic has changed in the last month and a half, and with it the economy. In may, the number of infections and deaths, when the crisis was centered in New York city and its metropolitan area, it collapsed and it seemed that the worst was past. Since the end of June, and, above all, from mid-July, the outbreaks have been desperdigado across the country , with strong growths of cases in many States.

The impact on the economy of the spike in infections in recent weeks could be even greater.

The data on employment is collected to the middle of the month , so that the sluggish labour market could be even higher.

The president of the united States, Donald Trump , held yesterday with measure data, that is, an improvement of the critical condition of employment in the country, but it is far from resolving the problem. Of the more than 20 million jobs that have been lost by the pandemic, the country has regained 43% of the same.

The job recovery is key for the options of re-election Trump, who is playing the position this November. Also what are the conditions of the unemployed, which are pending the approval of a new aid package for the Covid-19 . Millions of unemployed depend on the unemployment benefit additional of $ 600 a week which was approved in the spring and that it has expired. The negotiations to give the green light to an extension to that and other aid programs, was yesterday locked between representatives of the democrats in the Congress and high-ranking officials of the White House. is Also has been expired for a wage subsidy to help smes to stay afloat and retain their workforces, which could aggravate the situation on the labour market this month if not produces a greater economic recovery.

See the comments