Economics
U.S. Jobless Rate Set to Return to Single Digits: Eco Week Ahead
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America’s labor market probably extended its rebound in August to push the unemployment rate below 10% for the first time since the pandemic struck.
With little more than two months before the U.S. election, reattaining that milestone in this week’s jobs report could provide ammunition for President Donald Trump to claim the economy is sustaining a recovery under his leadership. His Democratic opponents, led by Joe Biden, are likely to question whether such improvement can durably continue as America struggles to control the coronavirus.