(WASHINGTON EXAMINER) -- The economy gained 1.8 million jobs in July, lowering the unemployment rate to 10.2%, the Labor Department reported on Friday, as robust jobs growth has apparently slowed.
Forecasters expected about 1.5 million jobs.
Before the pandemic, creating over a million new jobs in a single month would have been historic. In fact, the federal government, which began tracking jobs in 1947, never recorded a gain or loss of a million jobs in a single month until this year.
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