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News about July Job Gains:

mail: [NewsMag]

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    by Max Keating   The U.S. economy added 528,000 jobs in June, according to Department of Labor (DOL) data released Friday, more than double economists’ projections of 250,000 new jobs. The unemployment rate edged down to 3.5%, according to the DOL’s report, which was also below economists’ predictions of 3.6%, according to The Wall Street Journal. The...
    The Labor Department reported Thursday that some 1 million Americans applied for unemployment benefits last week, a sign that employers have continued to lay off workers during the coronavirus crisis in the U.S.   New claims for weekly jobless benefits have leveled off at about 1 million in recent weeks, but they are still much...
    (CBS New York) — In normal times, the economy adding 1.8 million jobs and dropping the unemployment rate by almost a full percentage point would be great news. But these are not normal times, these are pandemic times. The sizable jobs growth in July, as reported by the Bureau of Labor Statistics, actually shows a...
    BOSTON (AP) — The Massachusetts unemployment rate that soared during the coronavius pandemic fell to 16.1% in July, yet remains the highest in the nation, according to numbers released Friday by state and federal labor officials. The July rate is down 1.6 percentage points from the adjusted June rate of 17.7%, according to the state...
    Donald Trump and his operatives haven’t figured out how to go after Kamala Harris. Now that Joe Biden has named her to be his running mate, they are discovering she’s hard to tear down. It would come as no surprise then, if Trump starts to double down on his famous boast: “I’ve done more for Black Americans, in...
    WASHINGTON (AP) — A resurgence in COVID-19 cases didn’t shut off the American job creation machine last month — but it did slow it down. Employers added 1.8 million jobs in July, slightly more than had been expected but far fewer than the gains of the previous two months. And while the unemployment rate dropped...
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