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Hiring in USA : On the one hand, layoffs are going on in many big tech companies due to the economic recession all over the world. Even in America, which is counted among the strong countries of the world, some companies have thrown thousands of their employees out of jobs. At the same time, a big news is coming out from America, in which the US government has claimed that more than 5 lakh people have got new jobs in January. Know what are the complete details…
Good news amid rising inflation
According to the data of the American Labor Market, 5 lakh 17,000 people got new jobs in the month of January amid rising inflation in America. Efforts have been made to reduce inflation with the same Federal Reserve’s slow growth and high interest rates. As a result, the unemployment rate in America has now come down to 3.4 percent. Which has come down to the lowest level after the year 1969.
what did the economist say
So much for moderation, we certainly didn’t see it in this report, says Beth Ann Bovino, Chief US Economist at S&P Global Ratings. Job growth has been broad-based, including some industries that economists had expected to show signs of slowing. The labor force participation rate was barely changed at 62.4 percent. The Fed official is hopeful that there will be an increase in the number of people working in America. That can reduce the strength of the labor market, which is also pushing up wages and contributing well to inflation.
People had lost jobs in IT
Earlier, within 90 days in America, more than 2 lakh people in the IT sector were thrown out of their jobs by their companies. In which 30 to 40 percent, ie 60 to 80 thousand employees of Indian origin are included. Small startups were also included in the layoffs, from many IT companies like Twitter, Google, Microsoft and Amazon.
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