Employers added 1.4m new jobs, a number that was markedly lower than in recent months – 1.8m in July, 4.8m in June and 2.5m in May
The pace of recovery in the US jobs market slowed again in August as the coronavirus’s impact on the economy appeared to be broadening.
Employers added 1.4m new jobs and the unemployment rate dropped to 8.4% last month, dropping below 10% for the first time since the pandemic took hold, the labor department announced on Friday.
Related: Stock markets fall as investors sell off tech stock amid US job fears
Continue reading…Employers added 1.4m new jobs, a number that was markedly lower than in recent months – 1.8m in July, 4.8m in June and 2.5m in MayThe pace of recovery in the US jobs market slowed again in August as the coronavirus’s impact on the economy appeared to be broadening.Employers added 1.4m new jobs and the unemployment rate dropped to 8.4% last month, dropping below 10% for the first time since the pandemic took hold, the labor department announced on Friday. Related: Stock markets fall as investors sell off tech stock amid US job fears Continue reading…
