JUST IN: U.S. unemployment rate dropped to 10.2% in July, falling slightly below June's 11.1%, according to the Bureau of Labor Statistics.
Economists expect the U.S. economy gained 1.5 million jobs in July, and that the unemployment rate fell to 10.6%rate dropped to 10.2% in July, falling slightly below June's 11.1%, according to the Bureau of Labor Statistics.
Leisure and hospitality saw the largest gains out of the sectors which added jobs, with employment increasing by 592,000. People wait to speak with representatives from the Oklahoma Employment Security Commission about unemployment claims, July 9, 2020, in Midwest City, Okla.
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