Employers added 943,000 jobs and the jobless rate fell to 5.4% in July, signs of a strong labor market ahead of the Delta variant threat
Employers added 943,000 jobs and jobless rate fell to 5.4% in July, the Labor Department said, signs of a strong labor market ahead of theThe surveys for the jobs report don’t fully reflect the growing threat posed by the fast-spreading Delta variant, as they were conducted in the middle of the month.
So far, little evidence suggests that the recent case surge is significantly slowing the U.S. recovery—and the economy has built up a cushion from the, business reopenings, pent-up consumer demand and aid flowing from multiple rounds of government stimulus legislation. Americans this summer have shown a renewed interest in dining out and traveling, which has spurred strong hiring at restaurants and hotels. Education employment has also been strong recently, in part because schools are offering larger summer programs to help students catch up after pandemic disruptions.
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