U.S. employers added 638,000 jobs in October, a solid pace though far fewer than needed to regain most of the jobs lost to the pandemic recession just as new viral cases are setting record highs. The gain suggested that a tentative economic recovery is still intact even as it faces a surging viral outbreak. October’s gain was slightly below the 672,000 jobs added in September and the 1.5 million in August. Still, the nation now has 10.1 million fewer jobs than it did before the pandemic intensified in March. On Thursday, the nation broke another record in the seven-day rolling average for new cases, hitting nearly 90,000.

Source: The Standard November 06, 2020 14:15 UTC