A sign advertises hiring of temporary associates at a Pier 1 retail store, which is going out of business, during the coronavirus pandemic, Thursday, Aug. 6, 2020, in Coral Gables, Fla. The home goods retailer is going out of business and is permanently closing all of its stores.
With confirmed viral cases still elevated in much of the nation and businesses under continued pressure, many employers appear reluctant or unable to hire. Even counting the hiring of the past three months, the economy has now recovered only about 42% of the 22 million jobs it lost to the pandemic-induced recession, according to the Labor Department’s jobs report released Friday.
July’s job gain was much lower than June’s 4.8 million and May’s 2.7 million jobs, both of which were revised slightly. Economists have forecast that employers added 1.6 million jobs, according to a survey by data provider FactSet. That would normally be a scintillating gain. Yet it would still fall far short of June’s 4.8 million increase and May’s 2.7 million gain. And it would mean that the economy has regained only about 40% of the jobs that were lost when the pandemic intensified in March and triggered a deep recession and tens of millions of layoffs.
Growth rebounded in May and June. But the viral outbreak re-intensified in late June, doubling the nation’s daily confirmed case count to more than 60,000. Case counts have declined somewhat in recent weeks. Yet the new outbreaks have forced most states to pause or reverse their re-openings — closing bars, discouraging travel and limiting shopping and indoor dining for a second time, all of which has likely slowed hiring.
Some other recent data points to a weak month for hiring. The Census Bureau has found in weekly experimental surveys that the number of people with jobs fell 6.7 million in July, which points to a huge drop in the official figures. In June, the same set of surveys had shown a gain of 5.5 million, close to the government’s official figure.
Ppl being forced back to work
Everything will crash in the fall. These numbers are just a false hype campaign before things get uglier
Is it ironic to show a graphic of a company hiring while also going bankrupt and (eventually) laying off all employees as a way to say unemployment is down? Is it just me? Ok. I’ll shut up.
Didn't 1.2 million new individuals file for unemployment though . . . so that would pretty much negate any increase in job creation
People need to work ..... even when there are viruses we can catch ...... you die in a car accident any time you drive .....,
Jobs? Where? Which industries/geography? Are these good-time-charlie balloons being floated just to support Trump or are they real? Also noted that BLS_gov often backpedals months after they post original stats. Too “convenient”? 🤔
1.8 million new jobs is slowed job growth? What would say if Obama ever had 1.8 million jobs in a month with the opposition party keep businesses and schools closed to slow job growth?
Slowed? Lmao
FOX26Houston Expected 1.4 Actual 1.8 This is good news people getting back to work
I’m getting added to that stat today
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Normally, adding 1.8 million jobs would be celebratory news. But the job numbers released today show a slowing economic recovery from the coronavirus pandemic.
The ’s are fugazi. All you need to know about that is, who is in charge of hiring the people who release the data?
Seems to me 2+2=9 ? Something is not adding up. Who is providing these stats?
And I have no doubt the media and democrats are pissed about this news despite their best efforts to close more businesses.
Some people are going back to work, but at a slow pace. Still alot of companies are still laying off, furloughs or not hiring.
Job growth higher than anticipated does not equal slowed... EnemyOfThePeople
Correction , 1.8 million people went back to work , to jobs they all ready had . nothing new was created !
Every news organization is reporting on these better than expected numbers positively, except the of course.
cue the trump administration gleefully touting over 10% unemployment.
Factitious numbers being adulterated!
BS the books are being cooked
Well, there's 160k less job seekers (and counting)
So the numbers are better than expected & the AP goes on & on about how terrible it is & not going to get better.
“Slowed”.... it exceeded estimates. More FakeNews
COOKED REPORT. ADJUSTMENTS NEXT MONTH
See how far it drops in August with the 'make more to be unemployed' incentive disappears. Covid is almost done as a major issue. Prob won't be accepted by media till after election though.
Math is a scam
Damn I hate the media & their failure in reporting the news accurately. These are NOT new jobs. These are people who went back to work after businesses closed during the pandemic.🙄
Wow realDonaldTrump is still negative 13 million jobs. Solid!
Note the pic of a temporary job for a store going out of business. THAT IS NOT A JOB
Sorry Communists....enjoy your Friday
Has it even been more crystal clear that working class Americans are just sacrificial sheep to offer up on the altar of Mammon, to be poetic about it?
That's 1.8 million of the 40'000'000 jobs lost due to TrumpVirusCatastrophe. So np jobs gained at all.
Is this because the extra unemployment benefits expired? They don't get money so now they are not counted?
You forgot to add the numbers are better then expected, you propaganda machine
Who is providing this data The White House?
You seem upset AP? Good news for the country and Trump is bad news for AP?
That's no surprise since benefits ended for many BIASHEADLINE
The expectations were 1.6 million new jobs. That's above expectations.
Within the report while trailing white employment, black unemployment is improving faster than white unemployment.
Why is it that GOP states with over double the population of NJ have 1/2 (if not less) the total COVID deaths & way less unemployment? Why? Because of the lack of leadership & poor judgement by the Knucklheads DEMS in charge.
This really doesn’t mean much. Considering fact that it’s just employees being recalled to work for less hours equaling less pay. Many businesses with reduced operating hours & diminished patron capacity are barely getting by & on the brink of permanent closure. PassCaresAct2Now
I see how much it hurts to tweet positive economic news 👍🏻
More like people choosing not to go back to work out of fear they'll catch a cold rose to 10% 🙄🙄🙄 like seriously H1N1 did worse than this cold virus ever will do!
1.8 million jobs “hiring has slowed”. If Biden is elected the same results will be “Massive job growth. 1.8 million back to work!”
These are people returning to work, not new jobs created.
Only 10.2% Seems supportive of this irrational exuberance for the ultra wealthy. Not like the country haa lost over 160,000 people due to an ONGOING pandemic that is sure to have a true second wave in the winter. Makes sense the market is up.
Job growth numbers are fake. It’s not real growth. It’s just people laid off or on furlough going back.
Unemployment drops again Better than expected numbers. 1.76 vs 1.48 expected job growth This in top of lower than expected jobless claims yesterday - this will trigger “team apocalypse “
CBSNews ABC nbc this is sort of good news. However, I think this is the best time for people to know how to budget/manage for emergencies. You should have SuzeOrmanShow on PRIMETIME showing people really struggling and let her help guide them financially, get on their feet.
Des emplois précaire sans aucune sécurité ce ne sont pas des emplois Tous les pays sois développés n'ont que ce genre d'emplois est ce poir cela qu'ils ont chômage 0%
Oh. Are we still doing the thing where we pretend that people who haven't gotten a job during the very limited unemployment insurance period aren't actually counted as being unemployed in the US? Well damn. We're about to be back at 4% unemployment, folks. Watch the DOW soar
All of which was self inflicted.
We're just entering the Trump Recession.
Slowed, it roared
Haha. You people are intent on pulling defeat from the jaws of victory. So un-American. For shame.
Wow....so it's really increasing and real unemployment is close to 20%....jeepers.
I'll take fake numbers for $500 Alex
Pressure from politicans who write laws.
Part-time temporary retail jobs
Say it like it is . 60% of previous jobs are GONE.
most unemployment is in blue states. everywhere failed democrat mayors and governors rule there is misery, social tension, and joblessness. vote them all out.
Wonder if the GOP will cue the “That’s because people have stopped looking” that they did when it fell under Obama.
Facts first - the 1.8 is better than expected. Thanks
It’s because teachers are going back to work. Duh.
Unemployment numbers r the ultimate fake news. Not at all an accurate representation of working age people without a job
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.
are y'all gonna issue a correction again next week when we see the numbers were under reported like that have consistently been for months?
election comming numbers be so kind and go down :P
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