August 7, 2020

US adds 1.8 mn jobs in July, unemployment rate falls to 10.2%: govt

Washington (AFP) – The US economy added just 1.8 million jobs in July, far fewer than in May and June but not as bad as some economists feared, according to government data released Friday.As COVID-19 cases spiked in several states in recent weeks, new restrictions to contain the virus forced some businesses to shut their doors again, while many have already closed permanently, raising concerns the labor market could take a turn for the worse.The unemployment rate fell to 10.2 percent from 11.1 percent in June, still slightly worse than the depth of the global financial crisis in October 2009….

source https://this.kiji.is/en/664471436052366433?c=648607265489716321

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