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Data: FRED; Chart: Axios Visuals

New government jobs data released Tuesday helps paint a clearer picture of the impact the Delta variant had on the stalled jobs recovery in August. In a nutshell, more people quit their jobs, and companies pulled back on job openings.

Why it matters: The number of new jobs created in August (366,000) was a stark slowdown from July’s 1 million — and a reality check for investors and economists.

  • This week's Job Openings and Labor Turnover Summary (JOLTS) report puts meat on the bones of how that played out.

By the numbers: The rate of quits increased to its highest level ever, at 2.9% of the workforce.

  • Layoffs remained at record lows as companies tried to hold on to employees — but notably, they pulled back on new job openings.
  • Total job openings receded to 10.4 million, from a record high 11 million in July.

Go deeper: In leisure and hospitality, one of the sectors most impacted by the Delta variant, the pullback was pronounced.

  • Quit rates there were more than double the overall average. And employers cut back on job openings by 10.5%, twice the 5% retreat across all industries.

The bottom line: "The tepid employment growth we have seen in recent months has been at least partially the result of a decline in hiring appetite. The question is whether this is a temporary speed bump due to a surge in COVID cases or if demand will continue to slacken in the months ahead," wrote Indeed Hiring Lab's Nick Bunker in a research note.

Go deeper

Nashville's war for talent

Illustration: Allie Carl/Axios

Nashville is looking to hire plumbers, nurses, correctional officers and more as multiple city agencies scramble to keep their rosters full.

Why it matters: Many of the jobs Nashville leaders are looking to fill are central to key city services.

Almost 15% of high-paying job listings are now remote

Reproduced from Ladders Inc.; Note: Data includes jobs with annual salaries of $80,000 or more; Chart: Axios Visuals

More and more jobs that can be done from your bedroom are showing up on the high-paying end of the help-wanted spectrum, according to research by Ladders Inc., a job search site.

Why it matters: There's the potential for greater work-life balance for executives and others in the high-earning realm — and there's more hope of the same for people who aspire to that echelon.

One-on-one with Stephanie Linnartz of Marriott International

Stephanie Linnartz of Marriott International in 2018. Photo: Patrick T. Fallon/Getty Images

“People are dying for experiences now more than ever,” Stephanie Linnartz, Marriott International president, tells Axios.

  • “Leisure travel in many states and parts of the world is beating 2019,” Linnartz notes, speaking on the sidelines of Fortune’s Most Powerful Women Summit.

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