ADADFor the week, the Dow slipped 1.8 percent, the S&P fell 2.3 percent, and the Nasdaq lopped off 3.3 percent. The jobless rate fell to 8.4 percent, compared with 10.2 percent in July. ADThe economy is a still long way from recovery, given that nearly 14 million Americans were out of work last month. Permanent job losses are up by about a third since February, coming in at more than 2.1 million. Plus, some 29 million people are drawing some form of unemployment assistance, according to jobless benefit data out Thursday.

Source: Washington Post September 04, 2020 20:17 UTC