June 2021 Jobs Report Is Expected to Show an Uptick in Hiring

The June figures won’t reflect the cutoff’s impact on hiring since the Labor Department’s surveys of establishments and households were done the week that ended June 12, before any states halted federal benefits.

Recruiters have not seen a pickup in job searches or hiring, though, in states that have since withdrawn from federal programs. “I would have expected to see more people engage at a higher rate in the work force when the federal subsidies were ended,” Ms. Frankiewicz said, “We have not seen that correlation yet.”

The online job site Indeed surveyed 5,000 people in and out of the labor force and found that child care responsibilities, health concerns, vaccination rates and a financial cushion — from savings or public assistance — had all affected the number of people looking for work. While many employers are desperate to hire, only 10 percent of workers surveyed said they were urgently seeking a job.

And even among that group, 20 percent said they didn’t want to take a position immediately.

Analysts expect that the largest payroll gains will be in the leisure and hospitality sectors, which were also the hardest hit during the pandemic.

They also cautioned that the Labor Department’s estimates could be affected by seasonal adjustments. For example, there is normally a large drop in the number of teachers when schools let out for the summer. Accounting for that traditional decline, though, may be complicated by the fact that not as many educators were working because of pandemic-related school closings.

Article source: https://www.nytimes.com/2021/07/02/business/economy/june-2021-jobs-report.html