U.S. job growth inched up in August
September 2, 2020
The U.S. economy added 428,000 jobs in August, a figure that would be outstanding in normal times, but one that hardly makes a dent in the millions of Americans left unemployed as a result of the coronavirus pandemic, according to ADP. The payroll processing company said large companies added 298,000 jobs, medium-sized one added 79,000 and small businesses filled 52,000 positions. “Given the enormous job losses during the Viral Recession, job growth of around 400,000 per month means that it would take years for the labor market to recover from the coronavirus pandemic,” Gus Faucher, an economist at PNC, said.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.