Site icon ORANGE COUNTY TRIBUNE

Unemployment down to 8.4%

Advertisements

THE JOBLESS RATE fell to 8.4 percent for August, according to the U.S. Department of Labor (Shutterstock).

Unemployment in August fell more than expected, according to the Labor Department’s report Friday. The jobless rate went from 10.2 percent in July to 8.4 percent for the month just passed. Some economists had estimated a rate of 9.8 percent.

A total of 1.4 million jobs were added by employers last month, a decline from 1.7 million in July, according to the Associated Press. Reviews of the significance of the report varied, in part, by politics.

“That is many, many months ahead of schedule,” said President Donald Trump. Joe Biden, the Democratic presidential nominee, said “Donald Trump may be the only president in modern history to leave office with fewer jobs than when he took office.”

The biggest gains were in retail, with warehouse club stores and supercenters, gaining 250,000 jobs. As restaurants, hotels and entertainment business re-opened another 174,000 workers were hired.

It’s possible that the jobless rate could be affected by people who stop seeking employment to avoid exposing themselves to the coronavirus. The Bureau of Labor Statistics does not classify as “unemployed” people who are not in the labor market.

COVID-19 deaths headed toward 400,000 plus?

A university report is predicting that over 400,000 Americans could die from the coronavirus by the end of 2020.

According to United Press International, the University of Washington’s Institute for Health Metrics says the national death count will hit 410,000 as the new year opens. “We expect the daily death rate in the United States, because of seasonality and declining vigilance of the public, to reach nearly 3,000 [deaths] in December,” the report states.

Fall and winter are considered “flu season.” The John Hopkins University has counted nearly 187,000 deaths connected to COVID-19 so far.

Mother Nature brings the heat

The excessive heat warning from the National Weather Service starts today (Friday) with high of around 89, dropping to 70 at night.  On Saturday – wow! – the thermometer could jump as high as 112, dropping to 76 at night. Caveat: Other weather predictions, however, put Saturday’s high no worse than 106. Temps will decline to 104 on Sunday, and Labor Day (Monday) it will be a frosty 90, says Uncle Sam.

Harden leads Rockets past Lakers

Here is our list of games scheduled for area pro sports teams. Times are local (Pacific). Scores will be posted as they are available.

Exit mobile version