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Job Growth Slows As Economic Recovery Loses Steam

Friday, Oct 02 2020
Lending
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The last jobs report before November’s election indicates that the U.S. economic rebound is giving up speed amid a lack of fiscal stimulus or a coronavirus vaccine. So reports Bloomberg.

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According to the Labor Department, non-farm payrolls rose by 661,000 in September after an upwardly revised 1.49 million gain the previous month.

While the unemployment rate slipped by 0.5 percentage points to 7.9%, that’s partly because fewer people were looking for work, as the labor force participation rate edged down 0.3 points to 61.4%.

Read the full article from Bloomberg.

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