The employment rate in the Quinte region rose from July to August, according to Statistics Canada.
For the week of August 23-29, 18,719 Ohioans filed initial unemployment claims, according to Ohio Department of Job and Family Services data released Thursday. "Businesses that survived the economic shock will need to prepare for a prolonged period of recovery, which could take us into mid-2021".
Given that the household employment gains have outpaced payrolls since April, Shepherdson wrote, they "could easily fall outright in September" to move more in line with the payroll survey.
Democratic nominee Joe Biden downplayed the report and said the viral outbreak is still weighing on the economy.
While Thursday's reports continue several months of positive economic news, some analysts believe the gains could be short-lived without another round of stimulus from Congress. "The CBIZ SBEI and recent initial unemployment claims data indicate that we have moved past the preliminary bounce in hiring as the economy began to reopen and are now settling in to recessionary employment levels".
The truth about Donald Trump and Andrew Cuomo
De Blasio said he's working with Senate Minority Leader Chuck Schumer (D-N.Y.) and other members of the ny congressional delegation to get Gaynor to reconsider.
Despite the challenging outlook, Donald Trump hailed Friday's report and latest unemployment rate as "much better than expected".
Should unemployment keep dropping rapidly, it could near 7 percent by early November, said Michael Strain, an economist at the American Enterprise Institute.
Nationally, fewer people were on unemployment rolls, too. "The question always has been: What's going to matter more on Election Day - the rate of improvement of the economy or the absolute condition of the economy?"
The number of Oklahomans who remain on unemployment assistance remained high, at 108,065 as of August 22.
The hiring lowered the jobless rate to 10.2 per cent, from 10.9 per cent in July, and brings the number of jobs recovered since the height of the pandemic to 1.9 million. The most jobs were gained in sectors hit hardest by the pandemic, including leisure and hospitality, education and health, and retail. Good number for the US economy. Most of the job gains stem from workers being recalled from furloughs or temporary layoffs. And jobs added back in top sectors were also far fewer than in previous reports.
"Men aged 25 to 54 have been the least affected by the shutdown", it said. Construction added just 16,000 despite strong home building.