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America added 4.8 million jobs in June, easily exceeding economist expectations, while the unemployment rate fell from 13.3% to 11.1%. But the jobs picture remains very murky, particularly as some states pause or roll back economy reopenings.

Axios Re:Cap digs into the jobs picture right now and where it's headed, with The Washington Post's Catherine Rampell.

Go deeper

Ben Geman, author of Generate
Oct 5, 2020 - Energy & Environment

The oil industry is facing a long jobs slump

Illustration: Aïda Amer/Axios

The oil, gas and chemicals industry shed 107,000 U.S. jobs in March–August as the pandemic hit prices and the wider economy, marking the fastest rate of layoffs in industry history, Deloitte analysts said.

Why it matters: Their new report released Monday warns that the sector's employment may remain depressed for a long time.

Dion Rabouin, author of Markets
Oct 5, 2020 - Economy & Business

Long-term unemployment's V-shaped bounce

Expand chart
Data: U.S. Bureau of Labor Statistics; Chart: Axios Visuals

The number of people considered long-term unemployed has made a worrying bounce in recent months, as Friday's jobs report showed 3.8 million people had lost their jobs permanently in September.

Why it matters: That's almost twice as many as at the height of the pandemic in April.

Instagram's boss faces Congress' questions on harm to teens

Photo illustration: Shoshana Gordon/Axios. Photo: Matt Winkelmeyer/Getty Images for WIRED

The head of Instagram will find himself in Congress' crosshairs for the first time Wednesday in the one area lawmakers have shown they are willing to pass tech regulations — protecting youngsters online.

Why it matters: Republicans and Democrats have found common ground in grilling tech companies on how their products harm children, especially after revelations in The Wall Street Journal about Instagram's potential harm to the mental health of teen girls.

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