Delta Variant Taking Huge Toll on US Hiring, Says Labor Expert
The “negative effects” of COVID-19's delta variant on hiring and the economy were apparent in Friday’s Bureau of Labor Statistics report showing the U.S. added only 235,000 jobs in August, far fewer than the 1.05 million added in July, blogged…
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Gad Levanon, Conference Board vice president-labor markets. “The ongoing increase in the number of new infections is likely to lead to another subpar payrolls print in September,” he said Friday. But he predicted “these severe labor shortages” are likely to ease toward the end of 2021, “as enhanced unemployment benefits expire and schools reopen, leading more workers to return to the labor market.”