Jobs Report: Psaki Touts ‘Fastest Monthly Job Growth in Almost a Year’

Bloomberg Quicktake: Now published this video item, entitled “Jobs Report: Psaki Touts ‘Fastest Monthly Job Growth in Almost a Year'” – below is their description.

The U.S. labor market charged ahead in July with the biggest increase in employment in nearly a year, highlighting optimism about the economy’s prospects even as coronavirus concerns resurface.

Payrolls climbed by 943,000 last month after upwardly revised increases the prior two months, a Labor Department report showed Friday. The unemployment rate dropped to a pandemic low of 5.4%, while earnings and hours worked remained elevated.

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