BREAKING: U.S. economy gains 1.4 million jobs, unemployment rate drops sharply to 8.4 percent

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Sep 04, 2020 BREAKING: U.S. economy gains 1.4 million jobs, unemployment rate drops sharply to 8.4 percent The U.S. economy added around 1.4 million jobs in August, reflecting a slow return to labor market growth, according to data released Friday by the Bureau of Labor Statistics.The unemployment rate fell into the single digits for the first time since the pandemic began, dropping from 10.2 percent to 8.4 percent, the monthly report showed. Before the coronavirus hit the economy, the rate was at 3.5 percent, the lowest in five decades.  Read More Get the NBC News Mobile App Follow NBC News Check out all of NBCNEWS Newsletters here. Update Preferences | Unsubscribe | Contact | Privacy Update Preferences Unsubscribe Contact Privacy