The American people have many reasons to be hopeful these days.

The latest US economic data has shown that despite the COVID surge, employers were able to add 943,000 jobs in July.

The Labor Department also revealed that the unemployment rate, which is calculated from a separate survey of households, tumbled from 5.9% to 5.4%.

With the latest data from the Labor Department, some of the top economists don’t expect the COVID spikes to significantly dent their forecasts for the historically strong job and economic growth this year, largely because states, at least so far, haven’t reinstated business restrictions.

Despite the pandemic, Oxford also continues to expect record gains of about 8 million jobs this year.

Moreover, it is also expected that the reopening of more schools in September also should lead many parents who have been caring for their distance-learning kids to return to the labor force.

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bobby bracros

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