The U.S. finally has as many jobs as it did before the pandemic struck. Ultimately, a lot of them might not be in the right place.

The Labor Department on Friday reported that the economy added a seasonally adjusted 528,000 jobs in July from a month earlier—far more than the 258,000 that economists expected to see. With that the employment losses brought on by Covid-19 crisis have finally been erased: There were 32,000 more jobs in July than there were in February 2020. Similarly, the unemployment rate slipped to 3.5% from 3.6%, bringing it back to the multidecade low it logged just before the pandemic.



Article Source

Leave a Reply

Your email address will not be published.

Newsletter Sign Up FormIt's Totally Free!

Subscribe to our mailing list to receive updates on new arrivals, special offers, and other discount information.