July jobs report: US economy adds 1.8 million jobs, unemployment 10% - Business Insider

US economy beats forecasts, adds 1.8 million jobs in July as unemployment rate declines to 10%

8/7/2020 3:38:00 PM

US economy beats forecasts, adds 1.8 million jobs in July as unemployment rate declines to 10%

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surveyed by Bloomberg.The US unemployment rate came in at 10.2%, the BLS said, lower than the 10.6% expected by economists. It was also down from 11.1% in May. April's 14.7% reading was the highest since the Great Depression of the 1930s.Read more:

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MORGAN STANLEY: The government's recession response has the stock market heading for a massive upheaval. Here's your best strategy to capitalize on the shift.The data comes amid a crucial time as the US tries to recover from the damage caused by the virus, which triggered the worst recession since the Great Depression. Recent spikes in coronavirus cases have forced some states to pause or roll back their reopening plans, threatening a swift recovery.

Throughout July, a number of indicators flashed warning signs that the economic recovery had lost momentum. High-frequency indicators such as data from Homebase — a scheduling app used by small businesses — and the Dallas Fed Mobility index, showed less growth in the number of people returning to work and participating in economic activity.

US consumer sentiment slippedas new COVID-19 cases spiked, and the Household Pulse Survey showed that employment fell by 4.1 million between July 9 and 14, the reference week for the monthly jobs report. Weekly initial jobless claims increased for two weeks in a row in July, snapping an extended period of declines from the end of March. 

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Trump's ABC town hall: President faces tough questions on coronavirus response, health care, racial injustice

President Donald Trump took questions from uncommitted voters in Philadelphia in a 90-minute town hall special hosted by ABC News.

Many people want to stay unemployed as long as possible because the government is paying them more not to work. Forecasts are not metrics and people going back to work after lay off can’t be reported as “added jobs” these people are just going back to work it’s not a new job created by economic growth. Wrong headline. Do you guys do this crap willingly/consciously or you just like fxck it?

😂🤣😂🤣the country of lies

Inside Meghan Markle and Prince Harry's new life in Los Angeles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Harry has rejected the traditional role of Court Buffoon which the courtiers and press have forced onto “spares” in the past. William will have to earn his respect without a manufactured “foil”. And who cares? We're so beyond, 'lifestyles of the rich and kinda famous.'

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US economy added 1.8 million jobs in July but still down nearly 13 million jobs during the pandemicThe US economy added another 1.8 million jobs in July, a sharp slowdown from June and a small step for an economy that's still down 12.9 million jobs during the pandemic. So misleading... workers returning... is that jobs added? So how about we track the number still waiting for recall? Or track how many unemployed who have no income or benefits at all Thank you President Trump for leading us through the ChineseVirus It will speed up now that the 600$ extra a week has ended and if Democrat governors begin opening up.

Long Road To Recovery: Hiring Slows In July, As U.S. Employers Add 1.8 Million JobsNEW: U.S. employers added 1.8 million jobs in July. The Labor Department's monthly report shows the pace of hiring slowed — suggesting a long road back to full employment for tens of millions of people. Added or restored ? Now compare that to the number of new jobs lost. Jobsday big jump in voluntary part-time of 655,000, almost half of employment growth in HH survey

1.8M jobs added in July, unemployment falls to 10.2% as some states halt reopening, others press aheadUS added 1.8 million jobs in July, unemployment rate dips to 10.2% as states adjust reopening plans amid spike in COVID-19 cases The American people need to put together a collective Law suit against the Republican Party for First-degree murder,To Willfully, intentionally, maliciously lie cause death to American people for $. Lets Sue the shit outta the GOP into bankrupt to never exist again 'Not the real jobs numbers..' -realDonaldTrump LIFE MUST GO ON

US adds 1.8 million jobs in a sign that hiring has slowedWASHINGTON (AP) — The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic... How much you want to bet it has to be revised next month? Up .5 - 1.... COVID will mysteriously disappear on Nov 4 Good job Trump.