SPSM - Delta And This Friday's Jobs Report
- We think the jobs data for August and September are going to be ugly. We may see the early signs of COVID long-haul temporary, partial, or permanent disability show up in labor force data.
- Delta’s rapid spread among the unvaccinated population is certainly disabling a portion of the American labor force. The difficulty is in guessing how many are affected.
- Delta is also overwhelming school systems that have opened without masking requirements or mitigation or preparation. That means thousands of sick or quarantined kids who need working parents to take time off for family healthcare.
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Delta And This Friday's Jobs Report