“The U.S. economy added 1.8 million jobs during the month of July, sending the unemployment rate down for the third straight month — a drop that fell in line with economist predictions and pointed to the recovery that began before infections started ticking up,” the Washington Post reports.
“The unemployment rate fell to 10.2 percent.”
“The job additions were sizable, but there are signs that the labor market recovery is cooling. In June, the economy added back 4.8 million jobs. In July, the number of coronavirus cases began surging and some employers either paused hiring or – in some cases – laid off workers for a second time.”Save to Favorites