ABC‘s Andy Field - October 8, 2021 - KRDO‘s Afternoon News

Hiring in the U.S. fell far below expectations last month, with employers adding just 194,000 jobs versus the expected 500,000, as the delta variant slows the pace of the recovery. The unemployment rate dipped slightly to 4.8%, the Department of Labor said Friday, but the latest hiring data comes after dismal job growth seen in August as well. Some 366,000 jobs were added in August, according to revised data released on Friday, and over a million jobs were added in July.  The more-contagious delta variant's impact on the recovery is likely reflected in the disappointing figures, as the labor market still finds itself at the mercy of the virus that saw new spikes earlier in the month when the employment data was collected. The unemployment rate still remains elevated compared to the pre-pandemic 3.5% seen in February 2020.  Notable job gains last month occurred in the hard-hit leisure and hospitality industry, which added some 74,000 jobs. Employment in leisure and hospitality is still down by some 1.6 million jobs.