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US hiring slows for 3rd month but jobless rate falls to 7.9%

Posted at 8:24 AM, Oct 02, 2020
and last updated 2020-10-02 09:24:46-04

WASHINGTON (AP) — America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.

With September’s hiring gain, the economy has recovered only slightly more than half the 22 million jobs that were wiped out by the viral pandemic.

The roughly 10 million jobs that remain lost exceed the number that the nation shed during the entire 2008-2009 Great Recession.

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