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Even with the delta variant surging, the economy is moving along. The July employment report showed substantial progress toward full employment, as 943,000 payroll jobs were added, and the unemployment rate fell to 5.4%.
However, 9 million Americans remain unemployed, and last week’s Job Openings and Labor Turnover Survey (JOLTS) report showed that the number of job openings is now more than the number of unemployed Americans by 1.3 million.
