The economy added 943,000 jobs in July, a strong sign of recovery, as the unemployment rate fell to 5.4%.The robust numbers countered renewed concerns over an uptick in Covid cases due to the Delta variant and large segments of the population still unvaccinated.
Companies already have delayed plans to bring their employees back to the office in September. That’s also when enhanced unemployment benefits are due to expire.But the numbers from the Bureau of Labor Statistics exceeded expectations, with job gains especially notable in leisure and hospitality, local government education and professional and business services.The unemployment rate fell by a half of a percentage point, but the labor force participation rate was largely unchanged,
Read more on deadline.com