Washington pandemic economy Government Washington

September jobs report likely to show third straight month of hiring lull

Reading now: 721
www.fox29.com

WASHINGTON (AP) - A critical snapshot of the job market and the economy to be released Friday is expected to show a further slowdown in hiring as the nation's viral caseload creeps higher and as government financial aid has faded.When the Labor Department issues its September jobs report, economists predict it will show a gain of 850,000, according to a survey by data provider FactSet.

That would mark a third straight monthly slowdown, after June's 4.8 million job gain, July's 1.7 million and August's 1.4 million.If the forecast for September proves accurate, it would mean that the economy has regained only slightly more than half the 22 million jobs that vanished when the pandemic flattened the economy in early spring.

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA