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U.S. Adds 1.8 Million Jobs, Unemployment Drops to 10.2 Percent
[NationalReview] The U.S. unemployment rate dropped from 11.1 percent to 10.2 percent in July, beating economists’ predictions even as many states have paused or reversed their reopenings in light of coronavirus (aka COVID19 or Chinese Plague) ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...case spikes. Employers added 1.8 million jobs in July, according to the Labor Department’s Friday jobs report, a significant slowing down from the 4.8 million jobs created in June, which was the highest recorded. While the economy has recovered 42 percent of the 22 million jobs it lost during the pandemic over the past three months, there are still 10.6 million more unemployed Americans today than there were in February. Economists had expected unemployment to drop to 10.5 percent and for the economy to have added 1.6 million jobs in July, according to a survey by Refinitiv. Related: U.S. unemployment rate: 2020-05-26 'This could be the one that gets me,' says Halliburton oilfield service veteran U.S. unemployment rate: 2019-01-04 VDH - Actually, 2018 Was a Pretty Good Year U.S. unemployment rate: 2018-01-08 Trump keeps his promise: Blacks and Hispanics do better with him than Obama Posted by: trailing wife 2020-08-09 |
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