US adds 1.4 million jobs in August, but is still down 11.5 million jobs since Covid hit - News Summed Up

US adds 1.4 million jobs in August, but is still down 11.5 million jobs since Covid hit


However, America is still down 11.5 million jobs from February. The unemployment rate fell to 8.4% from 10.2% in July. For example: The leisure and hospitality industry, which was hardest hit by the pandemic, continues to recover with another 174,000 jobs added last month. As of August, the US economy is down 4.7 million jobs since January 2017 when Trump took office, according to the Labor Department. During the Republican National Convention last week, the president promised to create 10 million new jobs in 10 months .


Source: CNN September 04, 2020 10:14 UTC



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