The U.S. unemployment rate went down to 10.2% in July even with a new wave of virus cases and blue jurisdictions overreacting.
The Labor Department said in its Friday report that employers added 1.8 million jobs in July. In June, it was 4.8 million jobs, which was the highest recorded.
If Democrats have their way, we will face high numbers of bankruptcies.
Democrats are keeping everything shut down and blaming Trump and the does too. How does that work?
We haven’t cratered yet.
You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:
how can we log 1million new unemployment claims weekly for the last 20 weeks and only have 10% unemployment?
I seriously doubt many would consider this as “adding” jobs. Even worse, calling it record job growth. When jobs are cancelled “by” the Government it is disingenuous to claim record job growth. It would be more accurate to say “recovered” jobs. Those who are still unemployed, because of Government action, take little comfort in “records”. Any reasonable person would acknowledge there wouldn’t be this job growth if it weren’t for the Government itself. The characterization may result in hostility by those who are still left without jobs, especially with a lack of unemployment benefits.