US Economy Added 1.8 Million Jobs in July, Still Down Nearly 13 Million
- 4 years ago
US Economy Added 1.8 Million Jobs
in July, Still Down Nearly 13 Million The number is a stark decline from
the 4.8 million jobs added in June,
with the economy remaining
down 12.9 million jobs. The unemployment rate fell to
10.2%, though that is still above the
Great Recession high of 10%. This is the third consecutive
month of improvement since the
beginning of the lockdown. The reopening of the economy and
subsequent resurgence in COVID-19
case numbers has contributed to
the unstable job market. A survey conducted by Cornell University
found that 31% of workers who had been
rehired lost their job a second time
during the pandemic.
in July, Still Down Nearly 13 Million The number is a stark decline from
the 4.8 million jobs added in June,
with the economy remaining
down 12.9 million jobs. The unemployment rate fell to
10.2%, though that is still above the
Great Recession high of 10%. This is the third consecutive
month of improvement since the
beginning of the lockdown. The reopening of the economy and
subsequent resurgence in COVID-19
case numbers has contributed to
the unstable job market. A survey conducted by Cornell University
found that 31% of workers who had been
rehired lost their job a second time
during the pandemic.