The economy added 943,000 jobs in July, a strong sign of recovery, as the unemployment rate fell to 5.4%. The robust numbers countered renewed concerns over an uptick in Covid cases due to the Delt…
cases due to the Delta variant and large segments of the population still unvaccinated. Companies already have delayed plans to bring their employees back to the office in September. That’s also when enhanced unemployment benefits are due to expire.
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Payrolls increase 943,000 in July as unemployment rate slides to 5.4%BREAKING: The U.S. added 943,000 jobs in July, beating expectations. The unemployment rate dropped to 5.4%.
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Friday's jobs report is a wild card with economists' estimates all over the mapThe economy is expected to have added about 845,000 payrolls in July, as America's workforce gradually rebuilds from sharp pandemic-induced job losses.
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Private companies added 330,000 jobs in July, according to ADP, far short of the 653,000 estimatePrivate companies added 330,000 jobs in July, according to payroll processing firm ADP, far short of the 653,000 estimate.
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U.S. jobless claims down 14,000 to 385,000 as economy reboundsThe Labor Department has reported that the number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000
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Wall Street closes mixed, S&P 500 ends off record highU.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
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