Business > Market

'The recovery didn't stop, but it slowed': Here's what 5 economists are saying following July's jobs report

1 month ago   |   By Business Insider

The July jobs report released Friday showed that US employers added 1.8 million jobs during the month and that the unemployment rate declined to 10.2%.
That beat economist expectations for 1.5 million payrolls added in July and the unemployment rate at 10.5%.
While the report showed progress in the labor market recovery from the coronavirus pandemic recession, it also signaled that the pace of the recovery is slowing.
Here's what five economists said about the July report.
Visit Business Insider's homepage for more stories .
The July jobs report released Friday beat expectations, showing...
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Dow Falls 100 Points Despite U.S. Economy Adding Nearly 1.8 Millions Jobs In July

Dow Falls 100 Points Despite U.S. Economy Adding Nearly 1.8 Millions Jobs In July

1 month ago   |   By Forbes

Investors are keeping an eye on ongoing stimulus talks.
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Jobless rate sits at 10.2% as Congress debates replacement for expired $600 unemployment benefit

Jobless rate sits at 10.2% as Congress debates replacement for expired $600 unemployment benefit

1 month ago   |   By Fortune

The unemployment rate dropped from 11.1% in June to 10.2% in July, as the economy added nearly 1.8 million jobs last month, soundly beating consensus estimates. Equities futures and the dollar gained on the news.
That marks a third straight month of solid hiring and a falling jobless rate after it topped out at 14.7% in April -the highest level since 1940.
This points to an economy that continues to rebound since states began easing lockdowns. The 10.2% unemployment rate, while still weak, comes in far better than the 10.6% consensus estimates of economists compiled by Bloomberg. The...
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Unemployment falls to 10.2% as US adds 1.8 million jobs, though hiring has slowed

1 month ago   |   By Chicago Tribune

The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound.
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US economy's growth slows in July, adding 1.8 million jobs amid COVID-19

US economy's growth slows in July, adding 1.8 million jobs amid COVID-19

1 month ago   |   By New York Post

The US economy's growth slowed in July, adding just 1.8 million jobs following skyrocketing numbers of COVID-19 cases in states like Texas and Florida.
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Chicago Bulls hire Billy Donovan as head coach

Chicago Bulls hire Billy Donovan as head coach

CHICAGO - The Chicago Bulls hired Billy Donovan as their coach Tuesday, landing one of the top candidates on the market to lead a rebuilding team with an overhauled front... Read more ...

Seattle City Council overrides mayor's veto on policing cuts

Seattle City Council overrides mayor's veto on policing cuts

SEATTLE - Seattle will reduce the police department's budget and reallocate some money to community programs after the City Council voted Tuesday evening to override Mayor... Read more ...

Bloomberg raises $16mn to restore voting rights to black & Hispanic felons...

Bloomberg raises $16mn to restore voting rights to black & Hispanic felons in Florida on presumption they'll vote for Biden

Billionaire ex-presidential candidate Mike Bloomberg has raised over $16 million to pay the fees keeping some felons out of Florida's voting booths, touting the apparent... Read more ...

Read the memo mall giant Brookfield Properties sent employees announcing job...

Read the memo mall giant Brookfield Properties sent employees announcing job cuts affecting 20% of its retail workforce: 'Business has been frustrated, interrupted and constrained'

Summary List Placement Major mall owner Brookfield Properties is laying off 20% of employees from its retail division, according to an internal memo obtained by Business... Read more ...

Nikola founder Trevor Milton - who stepped down Monday following fraud...

Nikola founder Trevor Milton - who stepped down Monday following fraud allegations - still owns a $2.6 billion stake in the company

Summary List Placement Trevor Milton stepped down from his position as executive chairperson of electric truck startup Nikola on Monday after fraud allegations against the... Read more ...

Tesla slides 7% as investors await Battery Day presentation

Tesla slides 7% as investors await Battery Day presentation

Summary List Placement Tesla slid 7% on Tuesday as investors await the company's closely watched Battery Day. The Battery Day presentation, which is scheduled to take place at... Read more ...

NASA just unveiled its step-by-step plan to land astronauts on the moon via...

NASA just unveiled its step-by-step plan to land astronauts on the moon via the Artemis program - then build a lunar base

Summary List Placement NASA has released its first full plan for its Artemis missions, which aim to put the first woman on the moon and the first man since 1972 . The plan... Read more ...

WATCH: New DCCC TV Ad: Shady Chabot Taking Corruption Back to the Last Century

WATCH: New DCCC TV Ad: Shady Chabot Taking Corruption Back to the Last Century

Today, the DCCC launched its 1st TV ad in Ohio's 1st Congressional District, “ Website ,” which highlights how Steve Chabot has become shady and outdated, just like the clunky... Read more ...

Bed Bath & Beyond is closing 63 stores in 2020 as part of its plan to...

Bed Bath & Beyond is closing 63 stores in 2020 as part of its plan to shutter 200 locations over the next 2 years

Summary List Placement Bed Bath & Beyond is set to close 63 stores in 2020, according to USA Today . That swath of stores set to close this year are located in 29 states across... Read more ...

Time is running out to register to vote. Here's what you need to know about...

Time is running out to register to vote. Here's what you need to know about how to register in your state

Summary List PlacementTable of Contents: Static Tuesday, September 22 is National Voter Registration Day, and voter registration deadlines for the November 3 presidential... Read more ...