US | The Labor Market Is Set To Fully Recover, But It Will Take Some Time

labour market

BBVA Research | The labor market hit the brakes in August, probably driven by both demand and supply factors as a consumption demand slowdown along with increasing health concerns, both associated with the Delta variant, impacted the labor market.

Job creation was a major disappointment in August.

There is still a way to go to fully recover and the road will likely remain bumpy in the short-term as the Delta COVID variant continues to negatively weigh on labor force participation and employment growth in the coming months.

The labor market is set to strengthen (and fully recover) in coming months (and quarters) once the factors that have driven the temporary labor shortages gradually fade away.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.