Recovery Summer
Private employers added just 1,420 jobs per state in July -- not nearly enough to make up for job losses in the government, 50,000 of which were
Jul 31, 2020699.6K Shares12.2M Views
Private employers addedjust 1,420 jobs per state in July — not nearly enough to make up for job losses in the government, 50,000 of which were local-government layoffs. Unemployment remains high, at 9.5 percent, and many economists expect it to track higher in the fall. Calculated Risk demonstratesthe waning recovery with this graph:
Heidi Shierholz, an economist with the Economic Policy Institute, gave this flash analysisof the numbers: “The net loss of jobs reported in today’s employment report captures a job market stuck in neutral. Roughly one in six workers are either unemployed or underemployed, and the labor force continues to decline. It is time for the government to do substantially more to create jobs so the backlog of unemployed workers can get back to work.”
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
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