Economy Adds 1.8 Million Jobs In July, Unemployment Falls to 10.2%

The economy added 1.8 Million jobs in July according to the report by the Labor Department.

WASHINGTON, DC -- The U.S. added 1.8 million jobs last month, according to figures from the Labor Department. The unemployment rate for July fell nearly one full point, to 10.2 percent.

The jobs total is a little higher than analysts had forecast but it's well below the 4.8 million the economy added in June.

Even with three straight months of seven-figure job creation, the nation has 12.9 million fewer jobs than before the coronavirus pandemic hit.

Aquiles Larrea, CEO of Larrea Wealth Management talks with 104.7 WONK FM's Jen Richer to discuss the impact this is having on the economy and tips for investing under the current climate.

Listen to the full interview here:

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