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US payrolls add 1.8M jobs; jobless rate drops to 10.2%

from By Seth Sandronsky

MULTIBRIEFS EXCLUSIVE US payrolls add 1.8M jobs; jobless rate drops to 10.2% By Seth Sandronsky Employers added 1.8 million nonfarm new hires in July, down from 4.8 million jobs created in June, according to the federal Bureau of Labor Statistics. July’s rate of unemployment dropped to 10.2% from June’s 11.1%. July’s numbers indicate the reopening of commerce closed to slow the spread of the coronavirus pandemic. Most major worker groups saw their unemployment rates fall. READ MORE

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