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August Jobs Report

September 8, 2020 by Marc Bautis

The August jobs numbers are out and it’s a bit of a good news/bad news situation.

The good news is that the economy added 1.4M jobs despite ever-present COVID-19 outbreaks. This gain brought the unemployment rate down from 10.2% in July to 8.4% in August.

The bad news is that August is now the second straight month showing a slowdown in hiring. This slowdown has economists worried since the economy has recouped less than half of the 22 million jobs that were wiped out this Spring.

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