Even amid the pandemic, the economy is continuing to fight its way back.
On Friday, the U.S. Bureau of Labor Statistics (BLS) reported the numbers for July and they were far better than expected.
Nonfarm payroll employment went up by 1.8 million and the overall unemployment rate fell to 10.2 percent.
As more and more businesses have started to reopen, even among some surges, Americans are finally getting back to work.
The Labor Department stated, “In July, notable job gains occurred in leisure and hospitality, government, retail trade, professional and business services, other services, and health care.”
The fact that the hospitality industry is finally on the move is big news.
This was probably by far the hardest-hit industry and will continue to be so for many months.
That industry will probably be the last to become fully operational, but the move in the positive direction is something we needed to see for our economy to continue to drive forward.
President Trump has not been shy about celebrating these numbers, touting them all week during campaign stops…
You can read the full report in The Daily Wire.