US July Unemployment Rate at 10.2%... Exceeds Forecast
[Asia Economy Reporter Kwon Jaehee] The U.S. Department of Labor announced on the 7th that the unemployment rate in July was 10.2%. This is lower than both the previous month's 11.1% and the 10.6% forecasted by economists surveyed by Dow Jones.
Despite the resurgence of the novel coronavirus infection (COVID-19), there was a slight recovery.
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The number of non-farm payrolls announced by the Department of Labor on the day was 1,763,000. This far exceeded the forecast of 1,480,000.
This content was produced with the assistance of AI translation services.
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