Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Delta causes jump in U.S. workers sidelined in recent weeks, survey shows

Published 09/03/2021, 11:31 AM
Updated 09/03/2021, 11:37 AM
© Reuters. FILE PHOTO: People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021.  REUTERS/Amira Karaoud

(Reuters) - The number of people who were unable to work at some point over the previous four weeks or teleworked due to the COVID-19 pandemic rose in August for the first time since December, U.S. data showed on Friday, in a worrying sign for the country's jobs recovery.

The percentage of people who said they did not look for work because of COVID-19 health concerns also remained largely unchanged during a period when coronavirus cases caused by the Delta variant shot up across the United States.

The latest Bureau of Labor Statistics figures were part of an ongoing additional survey of households carried out by the U.S. government that has accompanied the monthly jobs report since the beginning of the pandemic. Overall, U.S. job growth slowed more than expected in August, the main report showed.

Daily new COVID-19 cases have climbed to a seven-month high in the United States, with more than 160,000 infections on average reported nationwide in recent days, and several real-time data indicators have pointed to a slowdown in economic activity as cases surged.

"Ultimately, the Delta variant wave is a harsh reminder that the pandemic is still in the driver's seat, and it controls our economic future," said Daniel Zhao, a senior economist at Glassdoor.

© Reuters. FILE PHOTO: People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021.  REUTERS/Amira Karaoud

Approximately 5.65 million people were unable to work in August or reported reduced hours due to their business either closing entirely or cutting back operations, up from roughly 5.15 million the prior month, according to the survey.

The number of people who said they teleworked recently due to the pandemic also edged up, to 20.56 million from 20.27 million.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.