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WASHINGTON - U.S. employers added only 235,000 jobs in August, the Labor Department reported Friday, a sign the pace of hiring has slowed considerably at a time when the highly contagious delta variant of the coronavirus has dampened business activity.
"There's no question the delta variant is why today's jobs report isn't stronger. I know people were looking and I was hoping for a higher number," Biden told reporters at the White House. He said he would disclose next week the "next steps" needed to "combat the delta variant."
The report fell far short of economists' expectations of about 750,000 new jobs last month. Last month's 235,000 new jobs were also far fewer than the 943,000 jobs added in July and the 938,000 new hires in June.
The August unemployment rate declined to 5.2% from 5.4% the month before. The 5.2% rate is still higher than before the pandemic started.
"What we are seeing is an economic recovery that is durable and strong. The Biden plan is working. We're getting results," he said. "This report means we have been adding an average of 750,000 per month … during the past three months."
Despite increases in U.S. vaccination rates that have allowed business to loosen pandemic restrictions, the number of job vacancies remain at record high levels.
In all, the U.S. lost about 22 million jobs in the early months of the pandemic and now has recovered 16.7 million of them.
Although millions of new jobs have been created, Biden said in advance of Monday's national Labor Day Holiday that recent polls show higher quality jobs are increasingly in demand.
Now Hiring signs at a temporary post office location inside the former K-mart on Lake Street, Minneapolis Image source: wikimedia commonswikimedia commons
"The holiday we celebrate this weekend … is about honoring the dignity of work, honoring the American worker," he said.
"And that's what our economic strategy is all about as well. It's about growing our economy from the bottom up and the middle out, providing some extra breathing room for families … creating an environment where employers have to compete for workers," the president said.
The size of the economy — nearly $23 trillion — now exceeds its pre-pandemic level as it recovers faster than many economists had predicted during the worst of the business closings more than a year ago.
How fast the growth continues is an open question.
For months, the national government has sent an extra $300 a week in unemployment compensation, on top of state aid, to jobless workers. But that extra assistance is ending throughout the country on Saturday, although Republican governors in 25 states had already terminated it early. About 7.5 million jobless workers will be affected by the cutoff in extra funding.
"As we continue to fight the delta variant, the American Rescue Plan we passed continues to support families, businesses and communities," Biden explained. "Even as some of the benefits that were provided are set to expire next week, states have the option to extend those benefits and the federal resources from the rescue plan to do so."
The national unemployment aid helped many jobless workers pay household bills through the worst of last year's economic downturn during the pandemic, but also put new money into the economy.
Biden called on Congress to act in September "to finish the job of passing my economic agenda so that we can keep up the historic momentum we've been building these last seven months."
(This article is originally written by Ken Bredemeier and Wayne Lee) (VOA/RN)
Keywords: USA, Job gain, August, Shortage
The pandemic brought about a global boom of entrepreneurship in 2020. Thousands of small businesses launched in the UK last year, and many were very successful. Some businesses started as passion projects, while others aimed to fill a hole in the pandemic market. Services and products, like at-home workouts, popped up all over social media from new and exciting businesses. The pandemic left many Brits financially unstable and scared for the future of their career. Launching their own business gave them something to focus on again and a small amount of income.
The Financial Times reported that the number of registered companies in the UK increased by 30% in 2020. As the world returns to normal, it will be interesting to see how these new businesses approach the post-pandemic world.
Follow NewsGram on Facebook to stay updated.
If you have just set up a new business, here are some essential marketing tips to get the ball rolling:
Exploit social media
Social media is one of the most effective marketing platforms available. You can connect with a global audience for free and market your product or service to them. Post consistently and use high-quality imaging to catch your audience's attention. Engage with potential customers by replying to direct messages, comments, shares and likes. Use a few platforms to maximise your exposure and create a strong brand identity.
You can connect with a global audience for free and market your product or service to them. | Photo by Alexander Shatov on Unsplash
Network as much as you can
Networking is a vital part of business, and you can do it on and offline. Use sites like LinkedIn to connect with fellow entrepreneurs and those in different industries. Reach out to them directly and ask about their company or role. You might be surprised by how much you can learn from one conversation. Once in-person events return, you should look to make the most out of meeting people in your industry. You might find brands to collaborate with or a mentor to learn from. Make sure to hand out your business cards at the event so people can get in touch with you in the future.
Networking is a vital part of business, and you can do it on and offline. | Photo by Chris Montgomery on Unsplash
Create a blog
You need to be an expert in your industry. Create a blog and share your journey of learning to be a business owner. You can share your expertise and why you started the company, which other entrepreneurs can read and learn from. Your knowledge and experience might be extremely helpful for those just starting out. Use a range of marketing techniques to launch your business into the next phase.
Use a range of marketing techniques to launch your business into the next phase. | Photo by Sincerely Media on Unsplash
(Disclaimer: This article is sponsored and include some commercial links)
One of Indias fast growing Direct To Consumer (DTC) beauty and personal care brands, MyGlamm, launches its national TVC around the message 'All Natural #NoNasties today with actress Shraddha Kapoor, who is also an investor in the brand.
Kapoor who has a great millennial and Gen Z connect introduces 'My SUPERFOODS Kajal' which has No Parabens, No Mineral Oils, No Nasties while still being long-lasting and smudge-free and made with the goodness of nature. This is followed by many girls trying applying the kajal with confidence and while highlighting the ingredients Avocado Oil, Goji Berries, Vitamin E and Sunflower Seed Oil.
Commenting on the campaign, Apratim Majumder, CMO, MyGlamm says "Women have been telling us about what they want from their beauty products for a while now. Wikimedia Commons
The brand focuses on creating quality products that are high efficacy made with all-natural and no chemicals in the formulae. his campaign follows the #TellMyGlammWhatYouWant campaign where women logged in to tell the company what they wanted from their beauty products. It aims to establish a beauty democracy by giving consumers the power to tell the brand what they want thus changing the entire experience of how women buy beauty products in India.
Commenting on the campaign, Apratim Majumder, CMO, MyGlamm says "Women have been telling us about what they want from their beauty products for a while now. We have been innovating to serve those needs with products. When they told us that they want a kajal that is not only long-lasting and smudge-proof but also takes care of their eyes, we knew we had to do this. The campaign is about telling everyone out there who told us they need a kajal that cares, MyGlamm Superfoods Kajal is here for you! The campaign debued on MyGlamm's social channels- YouTube & Instagram on September 16. (IANS/ MBI)
Keywords: India, Direct beauty brands, My Glamm national, girls, kajal, confidence ingredients, Avocado Oil, Shraddha Kapoor
Phishing attacks targeting organisations rose up considerably during the pandemic, as millions of employees working from home became a prime target for cybercriminals. A large majority (83 per cent) of IT teams in India said the number of phishing emails targeting their employees increased during 2020, according to a report by UK-based cybersecurity firm Sophos on Monday.
"It can be tempting for organisations to see phishing attacks as a relatively low-level threat, but that underestimates their power. Phishing is often the first step in a complex, multi-stage attack. According to Sophos Rapid Response, attackers frequently use phishing emails to trick users into installing malware or sharing credentials that provide access to the corporate network," Sophos' Principal Research Scientist, Chester Wisniewski said in a statement. The findings also reveal that there is a lack of common understanding about the definition of phishing. For instance, 67 per cent of IT teams in India associate phishing with emails that falsely claim to be from a legitimate organisation, and which are usually combined with a threat or request for information.
The findings also reveal that there is a lack of common understanding about the definition of phishing. | Pixabay
As many as 61 per cent consider Business Email Compromise (BEC) attacks to be phishing, and half of the respondents (50 per cent) think threadjacking - when attackers insert themselves into a legitimate email thread as part of an attack - is phishing. Most of the organisations in India (98 per cent) have implemented cybersecurity awareness programmes to combat phishing. Respondents said they use computer-based training programmes (67 per cent), human-led training programmes (60 per cent), and phishing simulations (51 per cent).
Four-fifths of Indian organisations assess the impact of their awareness programme through the number of phishing-related tickets raised with IT, followed by the level of reporting of phishing emails by users (77 per cent) and click rates on phishing emails (60 per cent). All the organisations surveyed (100 per cent) in Delhi, Hyderabad, and Kolkata say they have a cybersecurity awareness programme in place. This was followed by Chennai where 97 per cent have such programmes, and then, Bengaluru and Mumbai at 96 per cent each. (IANS/ MBI)
Keywords: programmes, organisation, emails, phishing