US Economy Adds 1.8 Million Jobs and Unemployment Falls to 10.2 Percent

US Economy Adds 1.8 Million Jobs and Unemployment Falls to 10.2 Percent
File photo of workers painting the Julien Dubuque Bridge along U.S. 20 in Dubuque, Iowa, on Aug. 24, 2015. Dave Kettering/Telegraph Herald via AP
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The U.S. economy added 1.763 million jobs in July, bringing the unemployment rate down to 10.2 percent and reflecting the continued resumption of economic activity after COVID-19 shutdowns.

The Department of Labor said in its closely-watched “nonfarm payrolls” report released Friday that the vast majority of the job gains occurred in the services sector, which accounted for 1.72 million, while manufacturing added just 26,000 jobs. Economists polled by data provider FactSet had predicted the economy would add 1.6 million jobs.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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