Friday’s jobs report makes it more likely that Washington won’t deliver another big coronavirus aid package before the November election, according to some analysts.
The better-than-expected report showed the U.S. economy regained 1.4 million jobs in August as unemployment fell to 8.4% from 10.2%.
See: U.S. regains 1.4 million jobs in August, unemployment falls to 8.4%
And read: ‘What’s concerning is that the pace of jobs growth is slowing down’ — economists react to August jobs report
“For those who, after having voted to explode the budget deficit, have suddenly remembered that they don’t like government welfare payments, this report could strengthen their resolve to deny another package gets passed, since the need is not nearly as great as it had been,” said Joel Naroff, president