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Graphic: U.S. Chamber of Commerce

The U.S. Chamber of Commerce today will launch America Works, a plan to mobilize industry and government to alleviate what the group calls "America’s deepening worker shortage crisis."

  • "This is Operation Warp Speed for jobs," said Suzanne Clark, the Chamber's president and CEO. "As we stand on the cusp of what could be a great American resurgence, a worker shortage is holding back job creators across the country."

The Chamber says in today's announcement that there are now half as many available workers for each open job across the country as there were on average over the past 20 years — 1.4 vs. 2.8. (Graphic above.)

  • Clark said: "The worker shortage is a national economic emergency, and it poses an imminent threat to our fragile recovery and America’s great resurgence."

Read the full report.

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Go deeper

Restaurant recovery’s screeching halt

A restaurant window. Photo: David Paul Morris/Bloomberg via Getty Images

Bars and restaurants went from powering America’s jobs comeback to slowing it down.

Why it matters: The industry is a proxy for how the labor market and economy are faring amid the pandemic.

Updated 53 mins ago - Health

COVID cases and deaths keep falling

Expand chart
Data: N.Y. Times; Cartogram: Kavya Beheraj/Axios

America’s coronavirus outbreak is rapidly improving as the Delta wave recedes, and vaccines for kids — which could become available within weeks — will help the situation improve even further.

By the numbers: Nationwide, the U.S. is now averaging about 79,000 new cases per day — a 22% drop over the past two weeks.

Felix Salmon, author of Capital
Updated 53 mins ago - Economy & Business

How the pandemic caused a corporate rebound

Illustration: Sarah Grillo/Axios

WeWork becomes a public company today worth more than $9 billion — a vindication of the expensive turnaround strategy employed after it spectacularly imploded in 2019. Like many companies that find themselves at death's door, that which didn't kill them made them stronger.

Why it matters: Hertz, Alamo Drafthouse, Airbnb, and Toast are among the currently-thriving companies that were shaken to the core in the early days of the pandemic — providing further evidence for the theory that, in the words of former Fast Company editor Bill Taylor, "companies can't be great unless they've almost failed."