US employers added 1.8m jobs in July, 4.8m in June and 2.5m jobs in May. The unemployment rate for Black Americans (13%) was almost double the rate for whites (7.3%). Donald Trump celebrated the fall in the unemployment rate on Twitter. Unemployment Rate Falls To 8.4% (Wow, much better than expected! While August’s total is 56% lower than the 262,649 job cuts announced in July, it is the highest total in August since 2002, when 118,067 job cuts were announced.

Source: The Guardian September 04, 2020 12:32 UTC