America's job market recovery is chugging along, but worries about the Delta variant derailing progress are rampant.
"The labor market recovery still has legs but it's likely going to be an uneven path going forward," ADP chief economist Nela Richardson told reporters on a press call Wednesday, pointing to the Covid-19 variants, labor shortages and supply chain bottlenecks.
Last week, the Centers for Disease Control and Prevention updated its mask guidance for those who have been vaccinated, and New York City announced that patrons and employees in restaurants and gyms will to have to show proof of vaccination. The health of the near-term jobs recovery will ride on how comfortable both consumers and employees feel about being around others.
Still, that would be an increase from the 850,000 jobs added in June and mark the largest jobs gain since August of last year. But the range of expectations is wide. Wall Street banks Goldman Sachs and Citi predict 1.15 million jobs added, while research firm Action Economics expects 600,000.The July report could also be subject to some seasonal weirdness, warned ZipRecruiter labor economist Julia Pollak.
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