WASHINGTON The U.S. economy is heading toward an increasingly uncertain autumn as a surge in the delta variant of the coronavirus coincides with the expiration of expanded unemployment benefits for millions of people, complicating what was supposed to be a return to normal as a wave of workers reentered the labor market.
That dynamic is creating an unexpected challenge for the Biden administration and the Federal Reserve in managing what has been a fairly swift recovery from a recession. For months, officials at the White House and the central bank have pointed toward the fall as a potential turning point for an economy that is struggling to fully shake off the impacts of the pandemic particularly in the job market, which remains millions of positions below pre-pandemic levels.
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