COVID resurgence in media could dampen bullish jobs
recovery in June and July tallies…
(Associated Press) The job market took a big step toward healing
in May, though plenty of damage remains, as a record level of
hiring followed record layoffs in March and April.
The Labor Department reported Tuesday that the number of
available jobs rose sharply as well, but remained far below
pre-pandemic levels.
The figures, from the government’s Job Openings and Labor
Turnover survey, or JOLTS, illustrate the whiplash the economy has
experienced since the pandemic intensified in mid-March.
