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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

NBA contracts reign supreme with Giannis Antetokounmpo's megadeal

Expand chart
Data: Spotrac; Chart: Andrew Witherspoon/Axios

Giannis Antetokounmpo has signed a five-year, $228.2 million extension to continue playing for the Milwaukee Bucks — the largest contract in NBA history by both total and average annual value.

Why it matters: Teams have been positioning themselves for a run at Antetokounmpo for months amid rumblings that the Greek superstar, a year from free agency, might test the market next summer.

Updated 17 mins ago - Politics & Policy

Top Pentagon officials contradict Biden on Afghanistan advice

Photo: Carolone Brehman/Pool/AFP via Getty Images

Top military leaders confirmed in a Senate hearing Tuesday they recommended earlier this year that the U.S. keep 2,500 troops in Afghanistan, and that they believed withdrawing those forces would lead to the collapse of the Afghan military.

Why it matters: Biden denied last month that his top military advisers wanted troops to remain in Afghanistan, telling ABC's George Stephanopoulos: "No one said that to me that I can recall."

Poll: Latinas more likely to open their own businesses, despite pandemic setbacks

Janie Isidoro, owner of My Corazon, a Chicano business in downtown Hanford, Calif. Photo: Al Seib/Los Angeles Times via Getty Images

Latinas in the U.S. are more likely to own, or plan to open, their own businesses than non-Hispanic women, despite the pandemic’s disproportionate burden, a recent poll found.

Why it matters: The survey, conducted by Telemundo, the Latino Victory Foundation and Hispanics Organized for Political Equality, suggests Latinas can be a driver of growth for the U.S. even though they have faced greater COVID-19-related setbacks.