July Unemployment Fell To 10.2%, 1.8 Million Jobs Added

The Labor Department reported Friday unemployment fell to 10.2% as the economy added 1.8 million jobs, fewer than the number added in the two preceding months likely due to an upsurges in coronavirus cases. The Bureau of Labor statistics credited an improving economy as pandemic restrictions were eased. It was the lowest level since the coronavirus pandemic induced a recession in February. The Labor Department, however, admitted data collection may be flawed because of its classification methods, and some people marked as on temporary layoff should be classified as unemployed. The misclassification for June and July was believed smaller than those for previous months.