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US employment growth slows sharply in July amid Covid-19 pandemic

Talks have been dragging over differences on major issues, including the size of a government benefit for unemployed workers

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A $600 weekly unemployment benefit supplement expired last Friday, while thousands of businesses have burned through loans offered by the government to help with wages

Reuters
US employment growth slowed considerably in July amid a resurgence in new Covid-19 infections, offering the clearest evidence yet that the economy's recovery from the recession caused by the pandemic was faltering. The Labor Department’s closely watched employment report on Friday piles pressure on the White House and Congress to reach a deal on another aid package. 

Talks have been dragging over differences on major issues, including the size of a government benefit for unemployed workers. A $600 weekly unemployment benefit supplement expired last Friday, while thousands of businesses have burned through loans offered by the government to help with wages. 

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