• Advertise
  • About us
  • Terms and Conditions
  • Contact us
Tuesday, June 17, 2025
Australian Times News
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
  • Lifestyle
    • Entertainment
    • Horoscopes
    • Health & Wellness
    • Recipes
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
  • Lifestyle
    • Entertainment
    • Horoscopes
    • Health & Wellness
    • Recipes
  • Travel
  • Expat Life
  • Move to Australia
No Result
View All Result
Australian Times News
No Result
View All Result
Home News

Yes, the latest jobs data may look disappointing, but leisure and transportation sectors give reason for cheer

On first glance, October’s jobs report may not be anything to cheer about. Released on Oct. 8, 2021, it shows that just 194,000 jobs were added in the month – well short of the 400,000-plus figure that many economists had predicted.

The Conversation by The Conversation
11-10-2021 22:05
in News
Photo by Handiwork NYC on Unsplash

Photo by Handiwork NYC on Unsplash

Edouard Wemy, Clark University

On first glance, October’s jobs report may not be anything to cheer about. Released on Oct. 8, 2021, it shows that just 194,000 jobs were added in the month – well short of the 400,000-plus figure that many economists had predicted.

But when you delve deeper, the latest employment data shows encouraging signs for the future of the U.S. economy.

Yes, job creation does appear to be slowing down. And this could be a result of ongoing concerns over the COVID-19 delta variant, with companies unsure of where the pandemic will head next. But with the Food and Drug Administration’s approval of a booster shot and figures showing that cases for delta have begun to fall, the forecasts from companies may be turning rosier in the coming months.

And even with job creation slowing, the headline unemployment rate still fell to 4.8%, the lowest since February 2020. Part of the problem is that some firms are finding it difficult to find people to take up vacant positions.

There were notable gains in the leisure and hospitality industry after rather flat figures for the sector in August and September. The same was true for storage and transportation companies, which will come as welcome relief to those concerned about the risk of inflation.

Inflation has been increasing as a result of the stimulus but also due to a disruption in the supply chain. That has led to supply being outpaced by demand, resulting in a surge in consumer prices.

AlsoRead...

Leading with Trust: Why Quality still wins in the AI Era

Leading with Trust: Why Quality still wins in the AI Era

5 June 2025
Why Australian Investors are Betting on the Aviation Maverick Louis Belanger-Martin

Why Australian Investors are Betting on the Aviation Maverick Louis Belanger-Martin

28 May 2025

The fact that storage and transportation companies – think truckers and shipping containers – are adding jobs is an indication that this supply chain bottleneck may be becoming unjammed. This should slow the pace of inflation.

October’s jobs figures were being eyed closely by economists to see if they would be strong enough to encourage the Federal Reserve to begin “tapering” – the process of reducing the volume of bonds and other securities it’s been buying to stimulate the economy. Since March 2020, the Fed has purchased over US$4 trillion worth of assets – mostly U.S. Treasury securities – which has helped keep interest rates low.

My take is that the jobs report was too weak to move the Fed’s hand. Central bankers will likely want to to see continued strength in terms of the labor market before changing its policy. In short, there just isn’t enough information yet to show that the economy is robust enough for the Fed to taper.

But overall, there is no reason to be pessimistic. The job growth isn’t what economists had hoped it would be, but there are plenty of positive trends. It will just take a little more time to make sure these trends are here for good before the Fed begins taking away the punch bowl of easy money.

[Like what you’ve read? Want more? Sign up for The Conversation’s daily newsletter.]

Edouard Wemy, Assistant Professor of Economics, Clark University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Tags: SB001
DMCA.com Protection Status

SUBSCRIBE to our NEWSLETTER

[mc4wp_form id=”2384248″]

Don't Miss

Leading with Trust: Why Quality still wins in the AI Era

by Pauline Torongo
5 June 2025
Leading with Trust: Why Quality still wins in the AI Era
Business & Finance

If you're leading a software team today, you've likely noticed the shift: faster feature rollouts, routine automation, and AI taking...

Read more

How to Save on Airport Parking: Budget Tips Every Traveller Should Know

by Fazila Olla-Logday
3 June 2025
How to Save on Airport Parking
Travel

Saving money on airport parking can be a challenge,but here are some budget friendly tips to help you navigate.

Read more

Why Australian Investors are Betting on the Aviation Maverick Louis Belanger-Martin

by Pauline Torongo
28 May 2025
Why Australian Investors are Betting on the Aviation Maverick Louis Belanger-Martin
Business & Finance

Bélanger-Martin’s ambitions stretch beyond redefining inflight comfort—they’re rooted in resurrecting the romance of supersonic travel with a modern twist.

Read more

Why a Gluten Free Hamper is simply the Best Gift for a Coeliac

by Fazila Olla-Logday
22 May 2025
Gluten Free Hamper
at

Buying a thoughtful gift can be tricky at the best of times, but when someone has dietary restrictions like coeliac...

Read more

Biela.dev is quietly becoming the Infrastructure Layer for the Next Internet

by Pauline Torongo
15 May 2025
Biela.dev is quietly becoming the Infrastructure Layer for the Next Internet
Technology

Biela.dev is not merely a consumer app; it is infrastructure. It could be a layer that powers the next generation...

Read more

The Battle for the Premier League’s Fifth Champions League Spot: Who Will Prevail?

by Fazila Olla-Logday
8 May 2025
Premier-Leagues-Fifth-Champions-League-Janosch-Diggelmann-Unsplash
at

As the Premier League season nears its climax, the race for the coveted Champions League places is tighter and more...

Read more

The Predictive Infrastructure: How BOF’s Neuro Finance System Reengineers Market Forecasting

by Pauline Torongo
5 May 2025
The Predictive Infrastructure: How BOF’s Neuro Finance System Reengineers Market Forecasting
Business & Finance

As global markets become more complex and volatile, BOF Investments has developed Neuro Finance, a predictive system that combines machine...

Read more
Load More

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status

  • About us
  • Write for Us
  • Advertise
  • Contact us
  • T&Cs, Privacy and GDPR
No Result
View All Result
  • News
    • Weather
    • Sport
    • Technology
    • Business & Finance
      • Currency Zone
    • Lotto Results
      • The Lott
  • Lifestyle
    • Entertainment
    • Horoscopes
    • Health & Wellness
    • Recipes
  • Travel
  • Expat Life
  • Move to Australia

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status