Don't be fooled by America's strong jobs numbers. The recovery is far from over
CNN
Economists expect a super-strong jobs report on Friday. But don't be fooled: America's labor market problems — millions unemployed, worker shortages and worries about child care and health risks — will persist throughout the summer.
Even though the US job market is rapidly improving, the economy is still far from back-to-normal. Employers are expected to have added 700,000 jobs in June. Even if that holds true, the nation will still be down 6.9 million jobs compared with February 2020. The unemployment rate is expected to inch down to 5.7% from 5.8% in May, according to analysts polled by Refinitiv.
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