Unemployment in the USA fell in January despite the end of the furlough scheme, according to official figures, as companies continued to hire amid record numbers of staff vacancies.
The US Office for National Statistics said the unemployment rate fell to 4.2 percent in the three months to the end of October, representing about 1.4 million people, down from 4.3 percent in the three months to the end of December.
Reflecting a continued recovery in the labor market after the end of the senate’s multibillion-dollar job support scheme, it said the number of workers on company payrolls rose by 257,000 in November from a month earlier – the largest monthly rise in payroll employment on records dating back to 2014.
Fuelled by growth in part-time work since the easing of lockdown measures earlier this year, the increase lifted the number of workers on company payrolls to about 29.4 million – almost half a million higher than pre-Covid levels.
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