• 54°

US hiring slows amid signs of longer-lasting economic damage

WASHINGTON (AP) — U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than many observers originally envisioned.

The United States added 1.8 million jobs in July, a pullback from the previous two months. At any other time, hiring at that level would be seen as a blowout gain. But after employers shed a staggering 22 million jobs in March and April, much larger increases are needed to heal the job market. The hiring of the past three months has recovered 42% of the jobs lost to the pandemic-induced recession, according to the Labor Department’s report.

Though the unemployment rate fell last month from 11.1% to 10.2%, that level still exceeds the highest rate during the 2008-2009 Great Recession.

Roughly half the job gains were in the industries hit hardest by the virus: restaurants, retail shops, bars, hotels and entertainment venues such as casinos. Those jobs have been relatively quick to return after the broadest shutdowns ended in May and June.

But economists worry that the next leg of job growth will be harder to achieve, particularly as the virus dampens confidence, leaving much of the country only partially reopened, most travel on hold and millions of employees working from home. The number of people unemployed for longer than 15 weeks jumped in July to more than 6 million, a sign many of the unemployed will have to find work at new companies or even in new occupations, a potentially lengthy process.

Constance Hunter, chief economist at accounting firm KPMG, noted that many jobs in hotels, sports stadiums and the travel industry probably will not return until a vaccine is developed.

“When are you going to be comfortable again being in an air-conditioned room with 400 people?” she asked. “There are whole parts of the economy that will remain unemployed until we have a much tighter control of this virus.”

The jobs report emerged as new infections run at about 55,000 a day. While that’s down from a peak of well over 70,000 in the second half of July, cases are rising in about half of the states, and deaths are climbing in many of them.

Comments

News

Facing personnel deficiencies, local fire departments request tax rate increases

Local

‘Panic buying’ creates gas supply shortages locally, statewide after pipeline cyberattack

Business

Twice as nice: Planet Smoothie opens alongside Cold Stone Creamery in co-branded store

Local

Spencer board gets update on South Iredell rat problem

Education

West Rowan teacher awarded $15,000 outdoor learning grant

Cleveland

Town of Cleveland plans celebration May 22

High School

High school girls tennis: Busy Hornets win again easily

High School

High school softball: Nixon, Walton top all-county team

Education

All Hood Alumni and Friends Symposium scheduled June 18

Education

Shoutouts: Southern City Church awards educational gifts

Local

City to pave streets surrounding Bell Tower Green after park is constructed

Nation/World

Colonial Pipeline restarts operations days after major hack

Nation/World

Ohio’s million-dollar idea: Lottery prizes for vaccinations

Nation/World

GOP dumps defiant Trump critic Cheney from top House post

Nation/World

Israel steps up Gaza offensive, kills senior Hamas figures

Coronavirus

Fluctuating COVID-19 death number back to 302 in Rowan County

Crime

Habitual felon sentenced to at least 8 years in prison

Kannapolis

City of Kannapolis to have bike rodeo Saturday

Crime

Two more charged for operating illegal gambling businesses

Education

A.L. Brown celebrates seniors with signing day

Business

Rebounding, but not recovered: Rowan County tourism begins challenging path toward normalcy

High School

High school baseball: Padgett leads Mustangs; 100th win for West coach Graham

Coronavirus

RSS superintendent, Board of Health discuss strategies for increasing student vaccination rates

Education

East Spencer charter school files petition to contest charter revocation