US Economy Added 1.8 Million Jobs in July, Still Down Nearly 13 Million

US Economy Added 1.8 Million Jobs <br />in July, Still Down Nearly 13 Million The number is a stark decline from <br />the 4.8 million jobs added in June, <br />with the economy remaining <br />down 12.9 million jobs. The unemployment rate fell to <br />10.2%, though that is still above the <br />Great Recession high of 10%. This is the third consecutive <br />month of improvement since the <br />beginning of the lockdown. The reopening of the economy and <br />subsequent resurgence in COVID-19 <br />case numbers has contributed to <br />the unstable job market. A survey conducted by Cornell University <br />found that 31% of workers who had been <br />rehired lost their job a second time<br />during the pandemic.