WASHINGTON—The U.S. economy picked up 1.8 million jobs in July, the Department of Labor reported on Friday. Employment collapsed in April as states locked down in response to the coronavirus pandemic, with a loss of more than 20 million jobs. Growth slowed some in July compared to May and June, when U.S. businesses added about 5 million and 3 million jobs, respectively.
WASHINGTON—Thursday’s report from the U.S. Department of Labor showed almost 1.2 million people applied for unemployment benefits last week. Although that number represents a 15 percent drop from the week before and the lowest since the beginning of coronavirus-related lockdowns, it marks the 20th straight week more than a million Americans have applied for unemployment. During the Great Recession in the early 2000s, weekly jobless claims never topped 700,000.
Boeing will cut 12,000 U.S. jobs in the coming weeks, executives announced on Wednesday. Most of the layoffs are in the Seattle area, where the company produces commercial airliners. The cuts highlight the effects coronavirus-related shutdowns have on the economy, including air travel decreasing by 96 percent as of mid-April. Roughly 2.1 million additional workers applied for unemployment benefits last week, according to a U.S.
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