fbpx US makes solid job gains in October but millions are still on the sidelines - Jason Furman and Willie Powell | Harvard Kennedy School

HKS Affiliated Authors

Additional Authors:

  • Wilson Powell

Excerpt

November 5, 2021, Opinion: "The US labor market accelerated in October, reversing the slowdown in job growth in August and September. The employer survey, which is generally more reliable, showed that the US economy added 531,000 jobs in October, slower than the average pace of 1,027,000 in June and July, but faster than the upward-revised 398,000 in August and September. The delta variant of the coronavirus likely continued to play some role in October. Cases and deaths fell through the month but remained at relatively high levels, while some high-frequency measures like in-person dining and air travel showed modest improvements. Unlike earlier waves of the pandemic, however, delta seems to be slowing but not reversing progress." Read Via PIIE

HKS Authors - Jason Furman and Willie Powell