<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
     xmlns:georss="http://www.georss.org/georss"
     xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
     xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <title><![CDATA[US economy’s growth slows in July, adding 1.8 million jobs amid COVID-19]]></title>
        <atom:link href="https://usagag.com/2020/08/07/us-economys-growth-slows-in-july-adding-1-8-million-jobs-amid-covid-19/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/08/07/us-economys-growth-slows-in-july-adding-1-8-million-jobs-amid-covid-19/</link>
        <lastBuildDate>Fri, 07 Aug 2020 14:00:49 +0000</lastBuildDate>
        <sy:updatePeriod>hourly</sy:updatePeriod>
        <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://usagag.com</generator>
        <media:content url="/uploads/2020/08/us-economys-growth-slows-in-july-adding-18-million-jobs-amid-covid-19.jpg" medium="image">
            <media:title type="html">US economy’s growth slows in July, adding 1.8 million jobs amid COVID-19</media:title>
        </media:content>
        <content:encoded><![CDATA[<p>The US economy&#8217;s growth slowed in July, adding just 1.8 million jobs following skyrocketing numbers of COVID-19 cases in states like Texas and Florida.</p><p>The unemployment rate dropped to 10.2 percent, from 11.1 percent in June, data from the Bureau of Labor Statistics show.</p><p>The numbers are the first look at the economy following the <strong>virus&#8217;s resurgence in California, Texas and Florida</strong>, which were forced to shutter bars and restaurant dining rooms for a second time after attempting to reopen. The economy <strong>added a record 4.8 million jobs</strong> in June before case numbers began to sharply rise in parts of the country.</p><p>A separate report on Thursday showed that 1.2 million Americans filed for unemployment last week — the 20th consecutive week of more than 1 million people filing for the benefits. The figures represented a 249,000 dip in jobless claims from the week prior, but the report also showed that long-term unemployment claims saw their highest-ever weekly spike.</p><p>The numbers arrive a week after the US economy suffered its worst blow since the Great Depression, with the Commerce Department reporting that the nation’s gross domestic product — the value of all goods and services produced here — shrank 9.5 percent from the first quarter.</p><p>The plunge is unmatched in <strong>historical data</strong>&nbsp;from the National Bureau of Economic Research going back to 1875.</p><p>The most recent period that came anywhere close was a roughly 7.2 percent contraction in the last quarter of 1937, in the late stages of the Great Depression.</p>]]></content:encoded>
                <dc:creator><![CDATA[USAGAG]]></dc:creator>
            </channel>
</rss><!--Time: 0.022527933120728-->