Comment on Massive Layoffs Are Underway Across the U.S., Threatening the Already Frail Recovery

Massive Layoffs Are Underway Across the U.S., Threatening the Already Frail Recovery

U.S. employers brought back 661,000 workers in September, according to U.S. Bureau of Labor Statistics figures released Friday. The unemployment rate clocked in at 7.9%, down from 8.4% in August. About half of the jobs lost to the pandemic have returned. The problem, economists say, is that the pace of recovery is slowing.

 

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