COVID-Impacted Sectors Recovery Outlook
Robust Pace of Monthly Employment Additions
At the current pace of ~500K monthly job additions, we expect the five million
employment gap to pre-pandemic levels to close within the next 10 months
Monthly Employment Additions (numbers in thousands):
Monthly Additions
Monthly
Mar-21
Apr-21 May-21 Jun-21 Jul-21
Aug-21 Sep-21
Average
Nonfarm payroll employees
785
Farm workers / proprietors / other¹
Total employed in labor force
(176)
269
59
614
(170)
609
328
444
962 1,091
(980) (48)
(18) 1,043
366
194
612
143
332
(120)
509
526
492
Current employment figures do not yet reflect the full impact of the ending of unemployment
benefits, which began to expire through August and September
Source: Bureau of Labor Statistics
(1)
Includes agricultural workers, unincorporated self-employed workers, private household workers and other employment categories that are reflected in the Bureau of Labor Statistics' Household
Survey but are excluded from the Establishment Survey of non-farm businesses
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