Laborious Labor
08/10/2020 |
July’s job growth of 1.8 million was strong and brought unemployment down to 10.2%. But, outside of the last three months it remains higher than at any time since 1983 and payrolls remain 12.9 million below their 2/20 level. Moreover, job growth is well below June’s 4.8 million and May’s 2.7 million and is slowing. Most worrisome, the number of unemployed over 14 weeks is eight million. Congressional assistance please!