On Friday, the US government is set to release its monthly jobs report, and economists are predicting another 1.6 million jobs were added in July — a sharp slowdown from the 4.8 million added in June. That would bring the monthly unemployment rate to 10.5% in July, from 11.1% in June. Oxford Economics senior US economist Lydia Boussour says she expects Friday’s report to show a loss of 280,000 jobs, rather than a gain. That would signal even more clearly that the foundation of the recovery is cracking. Not all sectors are recovering at the same pace. There might be more layoffs in the hospitality industry as some states pause their reopening plans, but other areas of the economy, such as manufacturing and construction, may have added jobs.
https://www.hartfordbusiness.com/article/americas-jobs-crisis-could-be-about-to-get-even-worse