Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

More Americans Returned to Work This Month, Census Data Show

Published 24/09/2020, 15:09
Updated 24/09/2020, 15:54
© Reuters.

(Bloomberg) -- An additional 1.6 million Americans were working as of mid-September, new data released by the U.S. Census Bureau shows.

The latest Household Pulse Survey, released Wednesday, covers the two-week collection and dissemination period from Sept. 2-14, which coincides with the reference period for the U.S. Labor Department’s monthly employment report.

The figures are in line with other signs of a pickup in employment since mid-August. On an unadjusted basis, continuing claims for state jobless benefits fell by 1.6 million between the reference weeks for the August and September job reports, according to Labor Department data out Thursday. Economists have been incorporating this calculation into their estimates for the monthly employment numbers.

The Census figures showed employers ranging from large corporations to government agencies to non-profits saw their ranks swell this month. But family firms suffered a loss of 450,000 jobs as the effects of the Covid-19 pandemic continued to slam small businesses, the survey showed.

Middle-aged workers, those 40 to 64, returned to work in massive numbers as schools reopened. The survey shows almost 1.4 million people in that age group are working again.

The Household Pulse Survey is an effort by the Census Bureau and other federal agencies to document trends in U.S. lives due to the Covid-19 pandemic. It tracks how Americans are experiencing business curtailment, stay-at-home orders, school closures, as well as changes in the availability of consumer goods and buying patterns.

©2020 Bloomberg L.P

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.