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The US Economy Created Fewer New Jobs In September Than Expected

The US economy created fewer new jobs in September than expected. The economic recovery after the crisis is beginning to slow down.

The US Economy Created Fewer New Jobs In September Than Expected
Yazar: Tom Roberts

Yayınlanma: 4 Ekim 2020 03:40

Güncellenme: 18 Kasım 2024 21:12

The US Economy Created Fewer New Jobs In September Than Expected

The US economy created fewer new jobs in September than expected. Data released on Friday by the Federal Ministry of Labor signal that the economic recovery after the crisis caused by the coronavirus pandemic is beginning to slow down. Employers increased the number of employees by 661 thousand, according to forecasts, they should have added about 800 thousand. The unemployment rate fell to 7.9 percent, falling for the fifth month in a row. The world's largest economy has thus restored more than half of the 22 million jobs lost during March and April, when the strictest measures against coronavirus spread were in place.
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