Labor Department: US Added 943,000 Jobs Last Month

The New York Times reports:

The American economy roared into midsummer with a strong gain in hiring, but there are questions about its ability to maintain that momentum as the Delta variant of the coronavirus causes growing concern.

Employers added 943,000 jobs in July, the Labor Department reported Friday, but the data was collected in the first half of the month, before variant-related cases exploded in many parts of the country.

While the economy and job growth overall have been strong in recent months, experts fear that the variant’s spread could undermine those gains if new restrictions become necessary.

Read the full article.

Breaking: US added 943,000 jobs in July, second straight month of strong growth. Unemployment rate fell to 5.4 percent from 5.9 percent.

— Jim Sciutto (@jimsciutto) August 6, 2021

Employers added jobs at a robust rate in July, consistent with an economy that was on the mend before the Delta variant of the Covid-19 virus threatened to slow the strong hiring trend https://t.co/e3Ai1UEPxx

— WSJ Markets (@WSJmarkets) August 6, 2021

The U.S. economy added 943,000 jobs in July as the labor market recovery boomed https://t.co/YBugqjk4ld

— The Washington Post (@washingtonpost) August 6, 2021