Professional Service Agreement

Unemployment Rate Declined by Less Than One Percent in July

August 12, 2020

The U.S. Bureau of Labor Statistics has reported that the unemployment rate declined by 0.9% to 10.2%. The number of unemployed persons fell by 1.4 million to 16.3 million. Despite declines over the past 3 months, these measures are up by 6.7% and 10.6 million, respectively, since February, reflecting the continued resumption of economic activity that had been curtailed due to the COVID-19 pandemic and efforts to contain it.