In the height of the pandemic, the unemployment rate soared to an astronomical 14.7% — a rate more than 11% higher than in the same month of 2019.
However, since then the job market has been steadily creeping toward recovery. Each month has reported more jobs than the last and even the hardest-hit sectors are finally finding some breathing room. This list is comprised of industries and the jobs they added in August. See which industries are bouncing back the quickest and adding thousands of jobs to the American economy.
Last updated: Nov. 5, 2020
- Jobs added in August: 13,500
Wholesale trade is the sale of goods and merchandise to retailers. It’s a key part of the consumer economy, so the fact that jobs are being added in this sector is a good indicator that the economy is recovering.
- Jobs added in August: 15,000
The information industry is comprised of jobs like data collection, authoring and publishing, among others. Essentially, any company working to produce, process or distribute information falls within this category.
- Jobs added in August: 16,000
Even as some sectors of the economy have slowed, housing and business infrastructure are still being built across the U.S.
- Jobs added in August: 29,000
Certain jobs in the manufacturing field may have been lost toward the beginning of the pandemic when consumers directed most of their funds into essential items and little else. However, a job increase here signifies that consumer demand is quickly rising again.
- Jobs added in August: 36,000
The financial activities sector is another one adding thousands of new jobs. This industry encompasses finance, insurance, real estate and rental/leasing.
Transportation and Warehousing
- Jobs added in August: 78,100
Transportation has been a strong and essential industry throughout the pandemic, with more and more people relying on transportation workers for essential goods.
Healthcare and Social Assistance
- Jobs added in August: 90,100
The coronavirus pandemic has directly informed the growth of the healthcare industry, with hospitals competing for nurses as beds fill up.
Leisure and Hospitality
- Jobs added in August: 174,000
The leisure and hospitality industry was hit hard by COVID-19 — with event planning, lodging and entertainment all dead in the water. However, as the economy starts to open back up there will be a lot of empty shoes to fill in this sector.
Professional and Business Services
- Jobs added in August: 197,000
Nearly 200,000 jobs were added in a single month in this sector, which includes occupations such as engineering, consulting and law.
- Jobs added in August: 248,900
This increase almost certainly came from stores across the U.S. being allowed to reopen and rehire their employees, with consumers regaining some of their appetite for in-person shopping.
- Jobs added in August: 344,000
By far the most jobs added in August were in government. In particular, the federal government was focused on hiring temporary 2020 Census workers — 238,000 of whom were brought on.
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