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'The recovery didn't stop, but it slowed': Here's what 5 economists are saying following July's jobs report

1 month ago   |   By Business Insider

The July jobs report released Friday showed that US employers added 1.8 million jobs during the month and that the unemployment rate declined to 10.2%.
That beat economist expectations for 1.5 million payrolls added in July and the unemployment rate at 10.5%.
While the report showed progress in the labor market recovery from the coronavirus pandemic recession, it also signaled that the pace of the recovery is slowing.
Here's what five economists said about the July report.
Visit Business Insider's homepage for more stories .
The July jobs report released Friday beat expectations, showing...
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Dow Falls 100 Points Despite U.S. Economy Adding Nearly 1.8 Millions Jobs In July

Dow Falls 100 Points Despite U.S. Economy Adding Nearly 1.8 Millions Jobs In July

1 month ago   |   By Forbes

Investors are keeping an eye on ongoing stimulus talks.
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Jobless rate sits at 10.2% as Congress debates replacement for expired $600 unemployment benefit

Jobless rate sits at 10.2% as Congress debates replacement for expired $600 unemployment benefit

1 month ago   |   By Fortune

The unemployment rate dropped from 11.1% in June to 10.2% in July, as the economy added nearly 1.8 million jobs last month, soundly beating consensus estimates. Equities futures and the dollar gained on the news.
That marks a third straight month of solid hiring and a falling jobless rate after it topped out at 14.7% in April -the highest level since 1940.
This points to an economy that continues to rebound since states began easing lockdowns. The 10.2% unemployment rate, while still weak, comes in far better than the 10.6% consensus estimates of economists compiled by Bloomberg. The...
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Unemployment falls to 10.2% as US adds 1.8 million jobs, though hiring has slowed

1 month ago   |   By Chicago Tribune

The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound.
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US economy's growth slows in July, adding 1.8 million jobs amid COVID-19

US economy's growth slows in July, adding 1.8 million jobs amid COVID-19

1 month ago   |   By New York Post

The US economy's growth slowed in July, adding just 1.8 million jobs following skyrocketing numbers of COVID-19 cases in states like Texas and Florida.
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