JUST IN: In line with expectations, another 1.4 million jobs were added to the US economy in August as the jobs recovery continued to slow. America is still down 11.5 million jobs from February.
This was in line with expectations, and down from 1.7 million jobs added in July and 4.8 million in June.Every person who can go back to work is a win for the recovery from the unprecedented jobless crisis the Covid-19 pandemic has brought on. However, America is still down 11.5 million jobs from February. The unemployment rate fell to 8.4%. It's below 10% — which was also its Great Recession peak — for the first time since March.
Read MoreDuring the Republican National Convention last week, President Donald Trump promised to create 10 million new jobs in 10 months. If the predictions hold true, he'll have 8.6 million more to go — and even then, the US economy wouldn't have gained back all the jobs lost since February.Trump's promise could prove difficult to achieve.
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