The July U.S. Jobs Report: Expectations, Reality and What’s Ahead

The July jobs report, recently released by the Bureau of Labor Statistics, shows that the unemployment rate decreased to 10.2% from 11.1% in June. Here, Dan Silver and Jesse Edgerton from U.S. Economic Research discuss key takeaways, consumer spending patterns and the relationship between COVID-19 and economic activity.   This podcast was recorded on August 7, 2020.This communication is provided for information purposes only. Please read J.P. Morgan research reports related to its contents for more information, including important disclosures. © 2020 JPMorgan Chase & Co. All rights reserved.