Economists are signaling alarm over the spread of the Delta variant, with Oxford Economics recently cutting its forecast for 2021's global economic growth to 5.9% from 6.4%. And while businesses are hiring, there are still about 5.3 million fewer people are on payrolls today than before the pandemic. ![]() The unemployment rate stands at 5.2%, still higher than its pre-pandemic level of 3.5%.
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