Data: Indeed; Chart: Axios Visuals

Millions of Americans are unemployed — and desperately seeking work that just isn't there.

What they're saying: "There aren’t enough jobs to go around," says Tara Sinclair, a senior fellow at the Indeed Hiring Lab. "It’s like playing musical chairs, and we’ve taken a whole lot of chairs out of the circle at once."

Jobs are coming back in some industries, but the pandemic continues to hurt others — turning many temporary layoffs into permanent job losses.

The sectors driving the recovery...

  • Jobs in trucking, warehousing and e-commerce, which support the stay-at-home economy, have been relatively strong, says Jed Kolko, chief economist at Indeed.
  • "Construction is doing well, too, as people are looking for new homes or to improve their current one," he says.

...and the sectors continuing to struggle:

  • The hospitality and tourism industries as well as retail and restaurants are suffering most as the pandemic drags on. Arts, entertainment and sports, which rely on large, in-person gatherings, are also in trouble.

Trouble at the top: Tech and finance jobs aren't immune to the coronavirus either. "These higher-wage sectors might be slower to recover because they base their hiring decisions on where they expect the economy to be longer-term," Kolko tells Axios.

  • Final-year MBA students, who are usually drowning in offers by the fall, are looking at a bleak jobs landscape as many of the big consulting firms freeze hiring, reports Patrick Thomas in the Wall Street Journal.

Go deeper

CEO confidence rises for the first time in over 2 years

Data: Business Roundtable; Chart: Naema Ahmed/Axios

A closely-watched CEO economic confidence index rose for the first time after declining for nine straight quarters, according to a survey of 150 chief executives of the biggest U.S. companies by trade group Business Roundtable.

Why it matters: The index, which still remains at a decade low, reflects corporate America's expectations for sales, hiring and spending — which plummeted amid uncertainty when the pandemic hit.

Updated 10 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 32,626,165 — Total deaths: 990,134 — Total recoveries: 22,523,822Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 7,040,313 — Total deaths: 203,918 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: U.S. reports over 55,000 new coronavirus cases — "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions.
  4. Health: Young people accounted for 20% of cases this summer — The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

America on edge as unrest rises

Louisville on Wednesday. Photo: Jon Cherry/Getty Images

Rarely have national security officials, governors, tech CEOs and activists agreed as broadly and fervently as they do about the possibility of historic civil unrest in America.

Why it matters: The ingredients are clear for all to see — epic fights over racism, abortion, elections, the virus and policing, stirred by misinformation and calls to action on social media, at a time of stress over the pandemic.