Following a record showing in June, the number of job openings in the U.S. reached another record high in July, according to the Bureau of Labor Statistics
the high number of job openings suggests the labor market could post a strong recovery despite its recent slowdown. “The jobs are there, it’s that the workers may not want to take those jobs right now,” Bullard said, adding that"households are flush with income" as a result of stimulus checks andsavings rates while pointing out the end to pandemic-era unemployment benefits should encourage people to get jobs.
“The delta variant of Covid-19 appears to have dented the job market recovery,” Mark Zandi, the chief economist of Moody’s Analytics, said in a statement last week, echoing other experts concerned the pandemic’s resurgence has started to curtail the economic recovery. There are still 8.4 million unemployed people in the United States, markedly higher than 4 million in February 2020. According to Bank of America, an estimated 7.
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