Article source: ConstructConnect
The increase in the total number of jobs in the U.S. between the two finishing months of 2021, November and December, according to the latest Employment Situation report from the Bureau of Labor Statistics (BLS), was +199,000.
The U.S. jobs recovery ratio (or ‘clawback’ ratio) with respect to the huge drop in employment that occurred between February and April 2020, is now 84.0%.
U.S. total employment is -2.3% compared with its level in February 2020, which was the last ‘normal’ month before the dire health consequences tied to the coronavirus began kicking the stuffing out of the economy.
The sector adding the most net new jobs in December was ‘leisure and hospitality’, +53,000, with ‘food services and drinking places’ taking on staff to the tune of +43,000. This sector’s likely to see quite a reversal in January, due to the flare up in COVID cases resulting from the Omicron variant.
