US adds 1.8 million jobs in July, unemployment rate falls to 10.2%: Govt
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.
Monika Walker is an experienced journalist specializing in global political developments and international relations. With a keen eye for accuracy and analysis, Monika has been reporting for over a decade, bringing stories to light that matter to readers around the world. She holds a degree in International Journalism and is passionate about giving a voice to underrepresented communities through factual reporting.
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