Lower unemployment rate in the US expected

Over to the United States, where lower unemployment rate is expected in the country as anti-virus measures are eased.

Economists have forecast that the nation added 975,000 jobs last month, after adding 916,000 in March this year, and that the employment rate slipped from 6 percent to 5.8 percent.

As more vaccines are administered to American adults, the U.S. government is expected to ease even more anti-virus restrictions as a result of the declining number of viral cases in the country.

Meanwhile, the Biden administration’s $1.9 trillion rescue package, which was approved in early March, has helped maintain Americans’ incomes and purchasing power. As a result, the economy expanded at a vigorous 6.4 percent annual rate in the first three month of the year. That implies the U.S. is recovering from the economic recession brought by the COVID-19 pandemic at a faster pace.