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Unemployment in the United States fell to 4.6% in October, the lowest since the start of the pandemic

According to the Bureau of Labor Statistics (BLS), the index of unemployment In the United States, it decreased by two tenths and reached 4.6% in October, the lowest level since the COVID-19 pandemic affected the labor market in March 2020.

This is, for specialists, a sign of economic improvement in the country. Thus, the US economy added 531,000 jobs; indicated this Friday the report of the entity.

Last month, the private sector added 604,000 new jobs and government employment fell by 73,000 jobs.

Despite this, the unemployment rate is above the 3.5% average in the months prior to the pandemic.

In April 2020, unemployment reached 14.4% and since then the US labor market has been recovering with ups and downs for a year and a half, strengthened with substantial economic stimuli provided by the Government.

Meanwhile, the American president, Joe Biden, celebrated the data in an appearance before the press at the White House, in which he assured that the United States is the world power that “creates jobs at a faster rate.”

“This is a significant improvement since I came to power, and a sign that we are on the right track. This has not happened by accident or for its own sake, “said Biden, referring to his economic stimulus plans.

Salaries, meanwhile, rose 0.4% in October and have increased 4.9% in one year in the last twelve months, according to the official report.

With information from EFE and AFP.

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