Displaying 30+ Stories
Allow Ads
CBNNews.com

Latest Jobs Numbers Blast Past Expectations, Unemployment Rate Drops to 8.4%

09-04-2020
6187935128001
CBNNEWSWATCH2PM090420CC_HD1080_67.1_257
hair salon

CBN News Financial Editor Drew Parkhill appeared on the Friday morning edition of CBN's Newswatch to talk about the latest positive employment rate and what led to the problem with the economy. Newswatch is seen weekdays on the CBN News Channel

As the economy and jobs remain a top issue in this election year, the latest numbers from the government today show a clear improvement in the jobs picture.

The unemployment rate fell sharply from 10.2 percent to 8.4 percent which is far better than expectations and way below the key level of 10-percent. 

Today's numbers also showed the economy added 1.4 million jobs in August, down a bit from July as the pace of new hirings slowed down.

There will only be one more unemployment report before the presidential election in November.

With so much uncertainty about the ongoing impact from COVID-19, many employers aren't sure if they can rehire employees who had to be laid off. So far roughly half of the jobs lost due to the pandemic-induced recession have been recovered. 

Many of America's small businesses, hotels, restaurants, airlines, and entertainment venues are still struggling to cope with the crippling pandemic lockdowns and quarantines.

STAY UP TO DATE WITH THE FREE CBN NEWS APP! 
Click Here Get the App with Special Alerts on Breaking News and Live Events!

God cares about your finances. Do you have questions about debt, tithing, money, and riches through joyful generosity? Click here!        

Need prayer? We’re available 24/7. Call (800) 700-7000 or request prayer.

Learn why Truth Matters at CBN News.
CBN Partners provide hope to those who are suffering! You can help bring hope today!
Bring Hope

Did you know?

God is everywhere—even in the news. That’s why we view every news story through the lens of faith. We are committed to delivering quality independent Christian journalism you can trust. But it takes a lot of hard work, time, and money to do what we do. Help us continue to be a voice for truth in the media by supporting CBN News for as little as $1.