Monday, 08 November 2021 17:02

ESG Gets Boost in Jobs Release

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Job growth had been performing below expectations in recent months, but the Recent BLS Report showed the Economy has bounced back with 531,000 jobs. Perhaps even more significant is the gender breakdown of these new positions: 57% of the new jobs were created for women. While the report is a positive, it is not all good news. Many of the new jobs created were for retail and hospitality, which have lower wages and don’t offer as many benefits. Still, wages are on the rise in this sector of the economy given the domestic labor glut. Finally, it will take time to restore the labor market to its pre-pandemic numbers. In fact, at this rate it will take another 8 months to recoup the job losses.

FINSUM: Minimizing labor disparities is a sign the economy is healing, but it's also a means for better economic growth in and of itself.

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