Posted on 09/04/2020 6:20:49 AM PDT by BlueStateRightist
The U.S. economy added 1.4 million jobs in August as the unemployment rate unexpectedly tumbled, indicating the nation's labor market is continuing a slow, but steady, recovery from the coronavirus pandemic.
The Labor Department's payroll report released Friday showed the jobless rate fell sharply to 8.4%, down from 10.2% in June and a peak of 14.7% in April. It marks the first time since March that unemployment is below 10%.
Economists surveyed by Refinitiv expected the report to show that unemployment dropped to 9.8% and the economy added 1.4 million jobs. It's well below the combined 7.5 million jobs added in May and June before hiring cooled in July, with 1.9 million added.
(Excerpt) Read more at foxbusiness.com ...
Now that the economy is roaring back, soon we’ll see media reports hyping inflation fears, in an effort to tank the markets.
“Now that the economy is roaring back, soon well see media reports hyping inflation fears, in an effort to tank the markets.”
I think that’s why them markets are tanking further today. Good economic news might translate to higher interest rates.
Great time for American businesses, large and small, to get their products out to stores. It’s time to take back our products.
I see less and less restocking (from China no doubt)
No matter what the Democrats do they can’t seem to stop the economic recovery.
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