September Jobs Report: Delta Continues to Hamper Economic Recovery
The September Jobs Report reiterates once again that economic recovery is not possible without bringing the COVID-19 pandemic under control. Only expanded vaccination of the population will create health conditions that are conducive to steady, balanced economic growth.
The labor market reflects the reluctance of many workers who were laid off when the pandemic struck to return to work, fearing they might contract the virus.
The slower than expected job growth in September underscores the urgency of enacting the infrastructure and budget reconciliation packages, which together could create 2 million jobs by mid-decade, and provide support for as many as 4 million jobs per year over the course of the 10-year budgeting window, according to the Economic Policy Institute.