Jobs Coming Back, Yet Spread of Delta Variant Challenges State and Local Jobs Recovery
- July’s nonfarm payrolls report was solid across the board. U.S. companies added +943k jobs in July, topping the +870k forecast.
- The progress the U.S. labor market has made could be disrupted by the spread of the Delta variant.
- July’s report saw +240k government jobs come back into the labor market. If schools shift back to virtual this fall the state and local government jobs recovery would soften for sure.