U.S. employers added 1.8 million jobs last month, as the unemployment rate dipped to 10.2%.
The pace of hiring slowed from June, when employers added a record 4.8 million jobs. That suggests a long road back to full employment for the tens of millions of people who have been laid off during the coronavirus pandemic.
The monthly report from the Labor Department tracks job gains between the middle of June and the middle of July. Much of the improvement occurred in late June. Since then, the labor market appears to have lost steam, as infections from the virus continued to climb.
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