V-Shaped Recovery Continues
Another 1.4 million jobs were added back in August as the recovery continues unabated. The national unemployment rate dropped to 8.4% from 10.2% in July. Economists were way off once again as they predicted 9.8% for the unemployment rate. See the BLS report here.
Despite the ongoing challenges posed by Communist Democratic governors who refuse to listen to the science, there is good news for the most heavily impacted sectors of the economy: leisure and hospitality. Well over half of those jobs lost have been recovered. In the past four months 3.6 million jobs have been gained in this sector. This is despite the efforts of Governors Cuomo, Murphy, Whitmer and Newsome to lock people out of work. Imagine how much further along the recovery would be if these dictators weren’t obstructing the recovery so that Joe Biden can win the election.