Jobs Report Shows 1.76 Million People Went Back to Work In July

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Posted: Aug 07, 2020 10:00 AM
Jobs Report Shows 1.76 Million People Went Back to Work In July

Source: AP Photo/Evan Vucci

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. 

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.