Remember last month, when ? Those were the days. The most recent jobs report is a stunning picture of how the pandemic has reshaped the country’s labor market. Overall, 20.5 million fewer people were employed last month . And the unemployment rate has skyrocketed to 14.7 percent — by far the worst we’ve seen in more than seven decades of economic data.But the speed of the crisis also means that these numbers are already out of date. The jobs report is based on surveys of businesses and households taken during the middle of April, but the economic situation likely worsened as the month went...…Remember last month, when ? Those were the days. The most recent jobs report is a stunning picture of how the pandemic has reshaped the country’s labor market. Overall, 20.5 million fewer people were employed last month . And the unemployment rate has skyrocketed to 14.7 percent — by far the worst we’ve seen in more than seven decades of economic data.But the speed of the crisis also means that these numbers are already out of date. The jobs report is based on surveys of businesses and households taken during the middle of April, but the economic situation likely worsened as the month went...WW…

After three straight months of declining unemployment, we have only just returned to levels of unemployment that . Friday’s revealed that the unemployment rate dropped from 11.1 percent in June to 10.2 percent in July, and 1.8 million more people were employed in July than in June.So the economic recovery is continuing — but it’s moving very slowly, and we aren’t close to being out of the woods. Still, this report could have been much worse. After all, weekly unemployment claims in July after falling for 15 straight weeks since late March. And across the country, phased reopenings have been...…After three straight months of declining unemployment, we have only just returned to levels of unemployment that . Friday’s revealed that the unemployment rate dropped from 11.1 percent in June to 10.2 percent in July, and 1.8 million more people were employed in July than in June.So the economic recovery is continuing — but it’s moving very slowly, and we aren’t close to being out of the woods. Still, this report could have been much worse. After all, weekly unemployment claims in July after falling for 15 straight weeks since late March. And across the country, phased reopenings have been...WW…