July Jobs Report
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From the Left
Long Road To Recovery: Hiring Slows In July, As U.S. Employers Add 1.8 Million Jobs
U.S. employers added 1.8 million jobs last month, as the unemployment rate dipped to 10.2%.
The pace of hiring slowed from June, when employers added a record 4.8 million jobs. That suggests a long road back to full employment for the tens of millions of people who have been laid off during the coronavirus pandemic.
"There are still a lot of people on the sidelines," said Sarah House, a senior economist at Wells Fargo Securities. "That's going to have a big impact on what we see in terms of consumer...
From the Right
US Economy Added 1.8 Million Jobs In July, Unemployment At 10.2%
The U.S. economy added 1.8 million jobs in July, while unemployment fell to 10.2%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 1.8 million in July, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 1.4 million to 16.3 million.
“In July, notable job gains occurred in leisure and hospitality, government, retail trade, professional and business services, other services, and health care,” the report adds.
In June, the U.S. added 4.8 million jobs, while the unemployment declined...
From the Left
Economy added back 1.763 million payrolls in July, unemployment rate fell to 10.2% 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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