Estimated reading time: 0 minutes, 27 seconds

Unemployment Dips But Jobs Total Still Way Down Post-Pandemic

The Department of Labor has announced that the unemployment rate dropped one percentage point to 6.9% in October, though the U.S. economy still has 10.1 million fewer jobs than when the coronavirus hit in March. So reports the Associated Press.

The nation added 638,000 jobs last month, a pace the Associated Press describes as “solid,” especially when accounting for the loss of about 150,000 temporary Census jobs.

The uptick indicated that a halting economic rebound was underway, although the surging pandemic could put those gains at risk.

Read the full article from the Associated Press

Read 1697 times
Rate this item
(0 votes)

FOLLOW US