The embers of the blazing Trump economy of 2019 are still burning, despite the COVID-19 adversity they face. As evidence of the strong foundation the president has built for America’s economy, job openings are now almost back to pre-coronavirus panic levels. The WSJ’s Gwynn Guilford reports:
The number of job openings in the U.S. has climbed since the spring and is now nearly back to the levels before the coronavirus pandemic hit the labor market, a sign of continued economic improvement despite a surge in infections and fading fiscal support.
There were 10.8 million job openings posted on online sites across the U.S. so far this month, on average, up from 6 million at the low point in May, after the pandemic triggered widespread business closures and other restrictions on activity, according to data from job-search site ZipRecruiter.
The current total is less than 2% below the February average, compared with a 46% gap in May.
The return of this measure of labor-market activity to pre-pandemic levels suggests that the recovery is continuing amid numerous headwinds, said Julia Pollak, a labor economist at ZipRecruiter.
“The numbers are astonishingly good given waning fiscal support, given all the terrible news on [virus] case counts,” she said. “There are all kinds of headwinds and yet the economy keeps hiring and adding jobs and recalling furloughed employees and that’s really quite encouraging.”
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