US adds 1.8 million jobs in July, unemployment rate falls to 10.2%: Govt

Published 2020-08-08 02:07:16

Updated 2024-07-07 15:14:21

According to the govt. Data released on Friday, The US economy added just 1.8 million jobs in July, far limited than in May and June but not as bad as some economists worried.

The unemployment rate drops to 10.2 per cent from 11.1 per cent in June, still barely worse than the midst of the global financial crisis in October 2009.

Though the Labor Department said some workers continue to be misclassified, and the jobless rate would have been a full point higher than reported.

The report said that the largest employment increases were in leisure and hospitality and retail, the sectors hardest hit by the coronavirus shutdowns.

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Monika Walker

Monika Walker is a senior journalist specializing in regional and international politics, offering in-depth analysis on governance, diplomacy, and key global developments. With a degree in International Journalism, she is dedicated to amplifying underrepresented voices through factual reporting. She also covers world news across every genre, providing readers with balanced and timely insights that connect the Caribbean to global conversations.