Job Growth Is Picking Up Again, But The Delta Spike Could Change That
America’s job market recovery is chugging along, but worries about the Delta variant derailing progress are rampant. Even as economists anticipate the best gains since last summer in Friday’s jobs report, persistently high unemployment claims and a big miss in the private sector payroll report put a damper on the excitement. “The labor market recovery still has legs but it’s likely going to be an uneven path going forward,” ADP chief economist Nela Richardson told reporters on a press call Wednesday, pointing to the Covid-19 variants, labor shortages and supply chain bottlenecks. It’s still a tale of two recoveries. On one hand, the labor market continues to improve as the economy normalizes. Strong consumer confidence and spending are helping get things back on track. Read more at CNN Business.
