The U.S. economy added 1.8 million jobs in July, the Bureau of Labor Statistics reported Friday, Aug. 7, saying the improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the CCP Virus (COVID-19) pandemic and efforts to contain it.
In July, the number of unemployed fell by 1.4 million to 16.3 million, and the unemployment rate fell a 0.9 percentage point to 10.2%, the bureau said.
Despite the decline over the past 3 months, the number of unemployed still rose 10.6 million since February due to the CCP Virus pandemic.
With a three-month gain of 9.3 million jobs, the total employment level remained 12.9 million below its February level.
The labor force participation rate changed little in July at 61.4%, after increasing in May and June, the labor bureau said.
The July jobs report comes as the White House and congressional leaders are struggling to reach a bipartisan agreement on another round of stimulus measures. Democrats and Republicans have failed for weeks to find a way to renew the enhanced unemployment benefits, direct stimulus checks, eviction protections, and funding for local governments first enacted in late March, according to The Hill.
President Trump on Thursday warned that his administration could pursue executive orders to extend enhanced unemployment benefits.