
US Economy Regains 1.8m Jobs In July
The US economy regained 1.8 million jobs in July, a solid but unremarkable result that comes as President Donald Trump prepares for a difficult re-election bid, but economists warn challenges to the pandemic recovery are growing.
As COVID-19 cases spiked in several states in recent weeks, new restrictions to contain the virus forced some businesses to shut their doors again, while many have already closed permanently, raising concerns the labor market could take a turn for the worse.
Trump’s economic team has also not been able to narrow the gap with Democratic leaders in Congress over a new emergency spending …