News and Commentary

Economy Booms As Unemployment Rate Drops To Single Digits; Dow Futures Soar

Ryan Saavedra
Economy Booms As Unemployment Rate Drops To Single Digits; Dow Futures Soar
JIM WATSON/AFP via Getty Images

The U.S. economy is roaring back during the home stretch of the 2020 presidential campaign as nearly 1.4 million new jobs were added in August and the unemployment rate dropped to single digits.

“Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn,” CNBC reported. “The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday.”

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