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Companies Struggle To Fill Low-Wage Positions In Tight Job Market

Source: Mario Tama / Getty

The U.S. economy added nearly a million jobs in July – a strong sign that the labor market is recovering.

According to the Bureau of Labor Statistic, 943,000 jobs were added – the largest one-month spike since last August.  The unemployment rate dropped to 5.4%. Overall, the economy has regained more than 16 million jobs since last May – but remains below pre-pandemic levels by roughly 5.7 million jobs.

Will the U.S. economy be fully recovered by the end of the year?  Or will the Delta variant cause another lockdown?

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