Unemployment rate drops in Stonington-Mystic area: Feds
STONINGTON-MYSTIC, CT – Hires rose in the United States in June and average hourly wages rose as more Americans return to pre-pandemic lifestyles. However, the country still has a long way to go before the pandemic job losses are completely reversed.
The United States created 850,000 non-farm jobs in June, the largest monthly increase since August 2020, according to the Bureau of Labor Statistics. Total paid employment has increased by 15.6 million jobs since April 2020. However, the country is still down 6.8 million jobs (4.4%) from pre-crisis levels. pandemic. The unemployment rate rose 0.1 percentage point to 5.9% between May and June.
The unemployment rate in the Stonington-Mystic area has improved significantly since the start of the pandemic, and there has been some improvement from April to May, according to the Bureau of Labor Statistics. May figures are the most recent for local unemployment.
New London County’s unemployment rate was 6.6% in May, up from 8.4% in April. This reflected a significant improvement from May 2020, when the unemployment rate stood at 17.0%.
New London County’s unemployment rate in May is higher than Connecticut’s 6.0% rate, according to the latest local BLS figures.
Nationally, the hospitality and entertainment industry added 343,000 jobs in June, a sign that more Americans are ready to return to restaurants, bars and vacation spots. Industry employment still has a long way to go to recover, with positions down 12.9% from pre-pandemic levels.
Average hourly earnings continue to rise as employers donate more money to fill positions. The average hourly wage was $ 30.40 in June, up 10 cents from May. The average hourly wage has increased 43 cents since April.
President Joe Biden celebrated the report and said the country was quickly recovering from the economic damage of the pandemic.
“Instead of workers competing for scarce jobs, employers compete for workers,” he said in a statement.