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September 4, 2020 at 9:25 AM EDT

Trump touts report showing drop in unemployment rate

Trump on Friday touted a report showing the U.S. economy added 1.4 million jobs in August, sending the unemployment rate below 10 percent for the first time since the pandemic began.

“Great Jobs Numbers!” Trump tweeted. “1.37 Million Jobs Added In August. Unemployment Rate Falls To 8.4% (Wow, much better than expected!). Broke the 10% level faster and deeper than thought possible.”

The job growth was in line with most analysts’ expectations, as the economy has shown signs of rebounding from the economic carnage left by closures aimed to stem the spread of the novel coronavirus.

The job gains were driven by hiring in government, particularly temporary Census workers, who accounted for 238,000 new jobs — more than 1 out of 6 for every job added. Other sectors that have been hard hit by the pandemic showed signs of growth, including retail, which added 249,000 positions; leisure and hospitality, which added 174,000 jobs, primarily in restaurants, bars and other food establishments; and education and health services, which gained 147,000 jobs.

Biden plans to deliver remarks Friday in Delaware on the economic fallout from the pandemic.

By John Wagner and Eli Rosenberg

Source:WP