266,000 new jobs is below expectations, but still better than every month in 2019. In addition to the expanded unemployment benefits, we have a lot of kids still not in school full-time. It is cheaper for one parent to stay home versus returning to a $9/hour job that doesn't cover child-care costs. A lot of this will resolve in the fall when unemployment benefits run out and most of the nation's kids, hopefully, return full-time to the classroom.
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