US Jobs Report - 943,000 Jobs Added in July Beating Expectations

What Happened:

• According to the Labor Department, the US economy added 943,000 jobs in July, higher than the 860,000 jobs economists projected.

• Unemployment dropped down to 5.4% in July, giving another positive sign that the economy is in recovery.

• Despite the positive trends, economists are concerned with the threat of the highly contagious Delta variant of the Coronavirus and how that may affect the economy.

Photo Credit: Gerd Altmann

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