Jobs Report Fails to Meet Expectations, Stoking Fears That Recovery May Stall.<br />On September 3, the Labor Department reported <br />that job creation for August fell short, <br />with the economy adding only 235,000 positions.<br />On September 3, the Labor Department reported <br />that job creation for August fell short, <br />with the economy adding only 235,000 positions.<br />Economists surveyed by Dow Jones had <br />estimated there would be 720,000 new hires.<br />August’s total has stoked fears that rising numbers of <br />COVID-19 cases could stall the country's economic recovery.<br />The report could also cloud policy for the <br />Federal Reserve, which bases some of its actions on it. .<br />The report could also cloud policy for the <br />Federal Reserve, which bases some of its actions on it. .<br />The labor market recovery hit <br />the brakes this month with a dramatic showdown in all industries. Ultimately, the Delta variant wave is a harsh reminder that the pandemic is still in the driver’s seat, and it controls our economic future, Daniel Zhao, senior economist at jobs site Glassdoor, via CNBC.<br />The labor market recovery hit <br />the brakes this month with a dramatic showdown in all industries. Ultimately, the Delta variant wave is a harsh reminder that the pandemic is still in the driver’s seat, and it controls our economic future, Daniel Zhao, senior economist at jobs site Glassdoor, via CNBC.<br />The unemployment rate in the leisure <br />and hospitality industry climbed to 9.1%.<br />The unemployment rate in the leisure <br />and hospitality industry climbed to 9.1%.<br />Retail lost 29,000 jobs, and food and beverage stores saw a decrease of 23,000 positions.<br />Retail lost 29,000 jobs, and food and beverage stores saw a decrease of 23,000 positions.<br />The U.S. has seen about 150,000 new COVID-19 cases, adding to concerns that the recovery could slow.<br />The month saw an increase in those who could <br />not work for pandemic-related reasons, with <br />the total rising to 5.6 million
