Economics
U.S. Jobs Picture Worsens With Census Survey Showing July Drop
- Weekly poll shows employment decline of 6.7 million in month
- Jobless claims seen ending 15-week streak of decreases
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The U.S. labor market’s rebound is increasingly at risk of being cut short after a survey showed employment dropping sharply this month.
The number of employed Americans declined by about 6.7 million from mid-June through mid-July, including a 4.1 million plunge from the first to the second week of July, according to the Census Bureau’s weekly Household Pulse Survey published Wednesday.