The number of Americans filing claims for unemployment benefits fell moderately last week as the second wave of layoffs partially offset hiring by businesses reopening, suggesting the labor market could take years to recover from the COVID-19 pandemic.
United States private payrolls increased solidly in January, pointing to sustained labor market strength despite a recent easing in consumer and business confidence that has suggested a loss of momentum in the economy. The strong hiring shown in the ADP National Employment Report on Wednesday also suggested there had been minimal impact on the labor market from the just-ended 35-day partial shutdown of the federal government.
Brazil's unemployment rate dipped slightly in July, as expected, extending a slow and bumpy labor market recovery as pivotal presidential elections loom.
The United States labor market barreled forward in January, as employers added more jobs than expected and wage growth was its strongest in more than eight years. Payrolls in the United States expanded by 200,000 last month, driven by hiring in construction, food services and health care, the US Labor Department said.