AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

NEW YORK: Fewer Americans are citing the coronavirus pandemic as the reason why they're not looking for work as more people are getting vaccinated and unemployment steadily declines.

The Labour Department on Friday reported that 2.5 million people did not look for work in May because of Covid-19, down from 2.85 million the month before and 9.7 million a year ago. That represents about 2.5% of the roughly 100 million working-age Americans who were not in the labour force in May versus 9.5% of those not working or looking for a job a year ago.

"With more ... of the US adult population now fully vaccinated and daily case counts steadily declining, we believe hurdles related to Covid have continued to subside and led some workers to return to the labour force in May," said Shannon Seery, Economist at Wells Fargo.

Nearly 52% of the US population has received at least one dose of a Covid-19 vaccination, according to a Reuters tally, while almost 42% have been fully vaccinated.

The figures on those not looking for work due to Covid came alongside the government's monthly employment report, which showed nonfarm payrolls increased by 559,000 jobs in May after rising 278,000 in April.

The Labour Department in May 2020 began asking households an additional set of questions about how Covid was affecting their ability to work, and last month's data showed a fourth straight monthly decline in those blaming the pandemic for keeping them on the sidelines of the job market.

"An improving health situation would make Covid less of a factor in individuals' decision not to look for work," said Nancy Vanden Houten, Lead Economist at Oxford Economics.

Additionally, the report showed just 25.2 million Americans either teleworked or worked from home in May as a result of Covid, representing 16.6% of the nearly 152 million people working last month. That's down by roughly half from last May's 48.7 million people who were working remotely, then more than a third of all those employed.

More employers have begun calling workers back to offices, and waves of businesses that need staff on site, like restaurants, have reopened in recent weeks as pandemic restrictions have eased.

Comments

Comments are closed.