The July jobs report shows the economy beating expectations yet again, even as the country navigates COVID-19. The U.S. economy added 1.8 million jobs in the month of July, and unemployment fell to 10.2 percent from the previous 11.1 percent. Payrolls rose 1.76 million in July, beating a projection of 1.48; wages rose a slight .02 percent.
BREAKING: U.S. jobs rise by 1.763 million in July, vs 1.48 million expectedhttps://t.co/00g17SCZ5T pic.twitter.com/K0bpTKd7DM
— CNBC Now (@CNBCnow) August 7, 2020
U.S. jobs report: The July jobs report showed increases in employment for the third month in a row after record losses in April https://t.co/zvJYrWJAQm
— Reuters (@Reuters) August 7, 2020
July Jobs Report smashes expectations with 1.8M jobs created!
— Ronna McDaniel (@GOPChairwoman) August 7, 2020
?26K manufacturing jobs added
?Unemployment rate dropped
?Wages grew 4.8% year over year
?9M+ jobs created in last 3 months
@realDonaldTrump created a booming economy once. He’s who we need to do it again!
The U.S. economy generated 1.8 million jobs last month—topping market expectations for the 3rd straight month and bringing the total increase in hiring since reopening to an amazing 9.3 million! ????
— The White House (@WhiteHouse) August 7, 2020
July jobs report exceeds expectations!
— Kayleigh McEnany (@PressSec) August 7, 2020
?? 1.8 MILLION jobs created
?? 9 MILLION + created over 3 months
?? Unemployment ??
President @realDonaldTrump is the JOBS President!
President Trump continues to fight to bring the American economy back, and alleviate the damage caused by COVID-19. Since the massive job loss began at the beginning of COVID-19, 9 million jobs have been recovered. July's positive report comes as Republicans and Democrats on Capitol Hill are in the midst of negotiations over a second Coronavirus, Aid, Relief and Economic Security Act (CARES Act) stimulus package.