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Final jobs report before Election Day shows US employers added 661,000 workers in September
Lower-than-expected growth suggests the labor market's recovery from the coronavirus pandemic is beginning to plateau.
www.foxbusiness.com
The U.S. economy added 661,000 jobs in September, suggesting the labor market's recovery from the coronavirus pandemic is beginning to plateau amid fading government relief money and a gradually growing virus caseload.
The Labor Department's payroll report released Friday is the last before the Nov. 3 presidential election, for which the coronavirus pandemic and the subsequent economic recession have been a major issue.
It showed the unemployment rate unexpectedly fell to 7.9% from 8.4%.
Just a reminder in September 2012 before the election the unemployment rate was 7.8% and we didn't have a pandemic or states still in various states of lockdown. Until completely opening up the unemployment rate will remain relatively high but the reality is we are recovering due to conservative economic principles in play
This link is the status of the states and various levels of lockdown
Coronavirus closures: Map of where US states are tightening restrictions
Throughout the pandemic, officials across the United States have rolled out a patchwork of restrictions on social distancing, masking and other aspects of public life. The orders vary by state, county and even city. At the height of restrictions in late March and early April 2020, more than 310...
www.usatoday.com