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Data: U.S. Bureau of Labor Statistics; Chart: Axios Visuals

July's Job Openings and Labor Turnover Summary showed that while U.S. employers did more hiring than in any month in history and job openings increased to 6.6 million, the labor market is still struggling.

What's happening: There were 708,000 more hires than separations, a strong number but more than a million below the nonfarm payrolls estimate of 1.73 million jobs added for the month. It was, however, less than the more than 2 million job differential seen in June.

What we're hearing: "You’re seeing a rebound that's been stronger than anything we’ve seen historically but we’ve never been trying to dig out of a hole quite this deep," Stephen Bronars, a labor economist and partner at Edgeworth Economics, tells Axios.

  • "Rather than looking at year-over-year comparisons, you have to look at how many jobs have been lost and how many of those have come back."

By the numbers: Nearly 21.5 million Americans lost their jobs in March and April and only around half of those jobs have returned.

Go deeper

Erica Pandey, author of @Work
Nov 24, 2020 - Economy & Business

COVID-19 has adversely affected bartenders and banquet servers

Data: Indeed; Chart: Andrew Witherspoon/Axios

The food service sector — which was dealt a massive blow during the pandemic — is coming back, but not all jobs are experiencing the same recovery.

The big picture: While restaurants are hiring almost as many cooks as they did last year, job openings for bartenders and banquet servers have plummeted, according to an analysis of job postings by Indeed economist AnnElizabeth Konkel.

Bryan Walsh, author of Future
2 hours ago - Health

COVID-19 shows a bright future for vaccines

Illustration: Annelise Capossela/Axios

Promising results from COVID-19 vaccine trials offer hope not just that the pandemic could be ended sooner than expected, but that medicine itself may have a powerful new weapon.

Why it matters: Vaccines are, in the words of one expert, "the single most life-saving innovation ever," but progress had slowed in recent years. New gene-based technology that sped the arrival of the COVID vaccine will boost the overall field, and could even extend to mass killers like cancer.

4 hours ago - Health

Beware a Thanksgiving mirage

Illustration: Sarah Grillo/Axios

Don't be surprised if COVID metrics plunge over the next few days, only to spike next week.

Why it matters: The COVID Tracking Project warns of a "double-weekend pattern" on Thanksgiving — where the usual weekend backlog of data is tacked on to a holiday.