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Pace of Jobs Recovery Slows

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08.08.2020

July’s pace of rehiring slowed, with 1.8 million rehired compared to June’s 4.8 million rehired. The surge in coronavirus cases in the Southern and Western states slowed hiring there, and which also made the Northeastern and Midwestern states more cautious about fully reopening themselves.

Virus cases appear to be stabilizing, which should allow August hiring to pick up. However, large hiring surges like that in June appear to be over. Weekly initial unemployment claims are falling again after a........

© Kiplinger


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