Watch CBS News

U.S. added 943,000 jobs in July as unemployment rate drops to 5.4%

Name: U.S. added 943,000 jobs in July as unemployment rate drops to 5.4%
Uploaded: 2021-08-06T09:53:00-0400
Duration: 10 min 47 s
Description: July's jobs report beat expectations. The U.S. added 943,000 jobs, and the unemployment rate fell to 5.4%. Diane Swonk, chief economist at Grant Thornton, spoke with Anne-Marie Green and Vladimir Duthiers on CBSN about what this means for the economy and about a survey that shows more Americans would take a pay cut in order to be able to work from home permanently.

July's jobs report beat expectations. The U.S. added 943,000 jobs, and the unemployment rate fell to 5.4%. Diane Swonk, chief economist at Grant Thornton, spoke with Anne-Marie Green and Vladimir Duthiers on CBSN about what this means for the economy and about a survey that shows more Americans would take a pay cut in order to be able to work from home permanently.