The US economy added another 1.8 million jobs in July, a sharp slowdown from June and a small step for an economy that’s still down 12.9 million jobs during the pandemic.

It was the third-straight month of improvement after the spring lockdown to stem the spread of the disease decimated the labor market. But the economy added far fewer than the 4.8 million jobs added in June.

The unemployment rate fell to 10.2%, the Bureau of Labor Statistics reported Friday, but remains above the Great Recession high of 10% that it reached in October 2009.

Source: CNN

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