Economy Creates 1.8 Million Jobs in July, Production Workers’ Wages Fall

There is no evidence that generous unemployment benefits are making it difficult to find workers. The July employment report showed the economy adding another 1,761,000 jobs in July. This follows gains of 2,725,000 in May, and 4,791,000 in June, leaving the economy down 12,881,000 jobs from its February level. The unemployment rate fell from 11.1 … Continue reading Economy Creates 1.8 Million Jobs in July, Production Workers’ Wages Fall