According to the report, the number of jobs in the business sector rose by 1.46 million. Early forecasts expected an addition of 1.48 million jobs to the economy. The unemployment rate in the US fell to 10.2% from a level
Of 11.1% in June. The forecast was that unemployment would fall to 10.6%.
An alternative index that includes desperate workers and part-time workers for economic reasons has dropped from 18% to 16.5%.
Early forecasts ranged from a decline of half a million jobs to an increase of 3 million. In May and June, there was a combined increase of more than 7.5 million jobs – the most in two months in US history.
While bars and restaurants are struggling to cope with the constraints brought about by the epidemic, the leisure and hospitality sectors have led to growth in jobs, with a growth of 592,000, with 502,000 having jobs in businesses offering food and beverages.
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