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National Unemployment Rate Drops In July

U.S. Labor Department reports more than a million jobs were added to the economy in July.

Posted: Aug 7, 2020 7:43 AM
Updated: Aug 7, 2020 11:58 AM

The economy continues its climb back up since the start of the COVID pandemic.

Friday morning, the Labor Deparment announced that more that 1.7-million jobs were added nationwide last month.  The allowed the unemployment rate to fall from 11.1 percent in June to 10.2 percent in July.

The number of jobs added was projected by economists to be 300,000 less than what was reported by the Labor Department.

The peak of the unemployment was at 14.7 percent in April, at the start of the pandemic when businesses started shutting their doors nationwide.

The unemployment number is still far above the 3.5 percent rate that was in February before the pandemic.

Evansville
Partly Cloudy
43° wxIcon
Hi: 66° Lo: 43°
Feels Like: 39°
Owensboro
Clear
45° wxIcon
Hi: 68° Lo: 42°
Feels Like: 45°
Mount Carmel
Clear
39° wxIcon
Hi: 60° Lo: 40°
Feels Like: 34°
Madisonville
Clear
45° wxIcon
Hi: 70° Lo: 42°
Feels Like: 42°
Washington
Clear
39° wxIcon
Hi: 63° Lo: 39°
Feels Like: 35°
The Tri-State is about to witness a metric ton of change over the next 36 hours or so, but before we get to the meat of the forecast let's focus on the hearer and the now - after seeing an absolutely gorgeous start to the work week with afternoon highs nearing the 70° mark and little to no cloud cover, clear skies will linger through the evening ahead and into tomorrow morning as temperature gradually dwindle into the upper 30s and low 40s area-wide. We'll fall to 42° in Evansville setting the stage for yet another mild, albeit far less quiet Tuesday ahead.
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