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Non-farm Payroll – 4 June 2021

As employers face worker shortage, the United States economy added 559 thousands jobs in May of 2021, above an upwardly revised 278K rise in April but below market forecasts of 650K. The losses in temporary help services (-111K) and in couriers and messengers (-77K) have been partially recovered by notable job gains in leisure and hospitality (292K), in public (103K), and private education (41K) and in health care and social assistance (46K).

Non-farm employment is down by 5.4%(8.2 million) from its pre-pandemic level in February 2020

Some analysts think that enhanced unemployment benefits are keeping people at home and not taking jobs.

Unemployment rate in the US rose to 6.1% in the latest reading for April 2021. The number of unemployed people rose from 6.0% in the previous month and has missed market expectations hinting at 5.8%. The explanation is to be found in the number of workers beginning to look for a work and re-entering the labor market adding up to the numbers of the labor force.

While the activity rate rose to 61.7 percent from 61.5 percent in March, the number of unemployed people increased by 102 thousand to 9.81 million and the number of employed was up by 328 thousand to 151.2 million.

The Unemployment level is slowing down since their recent highs in April 2020,however it remains well above the level prior to the start of the pandemic.

This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Aleph Finance, or its affiliates.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is a London-based Asset Management firm founded in 2007. The company is authorised and regulated by the Financial Conduct Authority (“FCA”), registered nr. 477155.
Link to FCA firm register: https://www.fsa.gov.uk/register
Pairstech permissions are authorised through the “Passport Mechanism” across many European Countries.
A Spanish branch has been approved in September 2015 by CNMV.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is a London-based Asset Management firm founded in 2007. The company is authorised and regulated by the Financial Conduct Authority (“FCA”), registered nr. 477155.
Link to FCA firm register: https://www.fsa.gov.uk/register
Pairstech permissions are authorised through the “Passport Mechanism” across many European Countries.
A Spanish branch has been approved in September 2015 by CNMV.

For further information, please read our Legal Documents.