The United States finally has as many jobs as before the pandemic. Ultimately, many of them might not be in the right place.
The Labor Department reported Friday that the economy added 528,000 seasonally-adjusted jobs in July from the previous month, far more than the 258,000 economists had expected to see. With this, the job losses caused by the Covid-19 crisis have finally been erased: there were 32,000 more jobs in July than there were in February 2020. Likewise, the unemployment rate fell from 3.6% to 3.5%, bringing it back to the multidecade. low, he checked in just before the pandemic.