Economy added back 1.763 million payrolls in July, unemployment rate fell to 10.2%

Posted on AllSides August 7th, 2020
From The Left

U.S. employers regained fewer jobs in July after a record gain in June, as a resurgence of coronavirus cases in some states earlier this summer weighed on the labor market recovery. However, the number of jobs added topped estimates, and the unemployment rate fell more than expected.

The Department of Labor’s July jobs report was released at 8:30 a.m. ET Friday. Here were the main metrics in the report, compared to consensus estimates compiled by Bloomberg:

Change in non-farm payrolls: +1.783 million vs. +1.48 million expected and +4.791 million in...

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https://finance.yahoo.com/news/july-2020-jobs-report-labor-department-coronavirus-pandemic-unemployment-rate-191513556.html

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