US labor market under siege of Corona virus

According to figures provided by the US Department of Labor, job opportunities reached 10.4 million in August, down from a record 11 million in July.

According to the report, the tourism and restaurant industry experienced the sharpest decline in job creation as an increase in the number of people infected with the corona virus caused a new blow to restaurants.

Also due to the corona outbreak, the rate of leaving the workplace due to the epidemic in August reached a record 2.9 percent.

According to the US Department of Labor, a total of 6.1 million people left their jobs in August, which could include layoffs, retirement, death and disability.

Despite all the promises made by the Biden administration to revive the US economy after the widespread vaccination in the country, the Biden administration was only able to create 366 thousand jobs in August and 194 thousand jobs in September.

While Biden claimed last Friday that the US job market was growing steadily, employment growth slowed significantly from July, before delta cases began to rise.