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Fri Sep 4, 2020, 08:36 AM

Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent [View all]

Source: Washington Post

The U.S. economy added 1.4 million jobs in August, sending the unemployment rate below 10 percent for the first time since the pandemic began, a glimmer of good news as the pandemic continues its march across the country. The unemployment rate fell to 8.4 percent.

Analysts had expected job gains of around that amount, as the economy has shown signs of rebounding from the economic carnage left by closures aimed to stem the spread of the coronavirus.

The report is likely to influence the political debate about whether to reauthorize more aid for businesses and the unemployed, when Congress returns from its recess this month. It could also play a central role in the presidential race.

Economists say that they are still concerned about the job market's long term prospects because of the expiration if some of the aid programs passed by Congress in the Spring.

Read more: https://www.washingtonpost.com/business/2020/09/04/economy-adds-14-million-jobs-august-unemployment-rate-fell-below-10-percent-first-time-since-pandemic-took-hold/



Full headline: Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent for the first time since the pandemic took hold

Stay tuned for the BLS stats!

Original article -

By Washington Post Staff
September 4, 2020 at 8:34 a.m. EDT


The unemployment rate fell to 8.4 percent. The improvement in the August jobs report is good news for the economy, which has been showing signs of a rebound from the recession that began with business closures aimed at slowing the spread of the coronavirus.

This is a developing story. It will be updated.


ETA - their updates now include a graph -

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Reply Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent [View all]
BumRushDaShow Sep 2020 OP
mahatmakanejeeves Sep 2020 #1
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still_one Sep 2020 #2
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duforsure Sep 2020 #18
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GeorgeGist Sep 2020 #28
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ProfessorGAC Sep 2020 #30
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ProfessorGAC Sep 2020 #32
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mahatmakanejeeves Sep 2020 #35
BumRushDaShow Sep 2020 #36
mahatmakanejeeves Sep 2020 #37
progree Sep 2020 #39