US added just 1.8m jobs in July as states grapple with Covid-19 resurgence
The US economy added just 1.8m jobs in July after a record gain in June, as signals mounted that a resurgence of coronavirus cases in some states is weighing on the labor market recovery.The unemployment rate has now fallen for three months in a row, but it remains above the 10% peak of the Great Recession and is three times the 3.5% rate from February, before the spread of the pandemic in the US. July’s jobs increase was less than the 4.8m jobs added in June and 2.7m added in May.
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