Unemployment rate falls to 10.2% in July
Today’s department of Labor reports show a third consecutive month of employment gains. Still a far cry from the low of 3.5% just six months ago. We are trending back and as expected, the rate of jobs gains is flattening as we close back in on the single digit territory. As the $600 additional unemployment subsidy expires, it is likely more people will seek re-employment as there was an adverse incentive to stay home during the panic.
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Job postings for accounting and finance have remained strong and as usual, is below the overall unemployment numbers.
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