Jobs Slowed In September, Last Report Before Election

The New York Post reports:

The US economy added 661,000 jobs in September as the American labor market’s rebound from the coronavirus pandemic hit yet another snag, new data show.

Last month’s growth in non-farm payrolls helped push the unemployment rate down to 7.9 percent but marked a continued slowdown in hiring from August’s addition of about 1.5 million jobs, according to Friday’s Bureau of Labor Statistics report.

The last jobs report before November’s presidential election came amid signs that COVID-19 has sparked a new wave of job losses, with major companies such as Disney, American Airlines and Royal Dutch Shell announcing thousands of layoffs and furloughs just this week.