4551 Outlook

Economic Outlook: August 7, 2020

Aug 7, 2020  | Ep4551

The Coronavirus pandemic continues to wreak havoc on the U.S. economy.

- 1.8 million jobs were created in July, above expectations, but only 42 percent of the jobs lost since March have returned.

Unemployment dropped to 10.2, nearly a 1 point fall and third consecutive month of declines since April’s 14.7 percent peak.

The nine-state Mid-America Business Conditions Index, one indicator of rural America’s economic health, climbed to 57.4 -- those surveyed still see a long road to recovery.--

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