July jobs report: Here's what 5 economists are saying - Business Insider

While a positive add, the report also showed that the labor market recovery from the coronavirus pandemic-induced recession is losing speed. The 1.8 million jobs lost in July was much less than the 4.8 million added in June, and 2.7 million added in May.

"We always need to appreciate progress, but there's no indication that it's fast enough," said Bunker. "The next few months are a race against the clock." The path ahead will likely be bumpier, according to Meyer, and "depending on the part of the economy you're focusing on, you're probably going to see a little bit of a different story depending on the region, depending on the path of the virus, depending on stimulus." "The report exposes cracks in efforts to reopen as employers struggle to deal with resurgent outbreaks around the country," Glassdoor economist Daniel Zhao said in a Friday note.

Still, there "are some other considerations here," said North. One is that "you have to ask how sustainable these gains are." If there is a second wave of COVID-19, many of the jobs added back in industries such as leisure and hospitality and retail trade could be on the chopping block again, according to North.

Well now stevenmnuchin1, senatemajldr MarkMeadows & GOP can stop saying the $600 FPUC is a disincentive for people to go back to work! ExtendFPUC Caresact ExtendcaresAct HEROESAct unemployment COVID19 crisis

Until the virus is checked- you can't have a 'recovery'.

It'll slow further hence don't be overjoyed yet!

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