Source: Bloomberg
Molly Smith
The unemployment rate in the United States rose to a two -year high in February.Those who have lost their jobs may have encountered a setback, but there is almost no U.S. employment market in the number that will usher in the sluggishness.
According to the definition of the Labor Statistics Bureau, a person must be identified as unemployment. This person must actively find jobs, otherwise it is not considered part of the labor force.Last month, the number of people joining the labor force increased significantly. Those who entered the workplace for the first time and those who went out of leisure to find a job again increased, which caused the unemployment rate to rise to 3.9%.Essence
Combining the still healthy employment creation, and the slowdown of wages, these data show that the employment market is the kind of weakness that the Fed wants to see.More people find a job to help relieve the shortage of labor and then alleviate inflation, although it may take some time to find a job.
Employment report consists of two surveys, one is an enterprise survey, which obtains non -agricultural employment and wage data, and the other is a small family survey to determine the unemployment data.Although the data announced on Friday shows that the number of non -agricultural employment increased by 275,000, family surveys showed that employment declined for three consecutive months, and almost fully concentrated on young American people.
"Increasing unemployment seems to be driven by changes in the peripherals," said Nick Bunker, the head of North American economic research, said."At present, the speed of finding a new job seems to be slowing down, but it is still strong overall."
