BLS: Unemployment rate for July was 10.2%; payrolls rose 1.8 million positions

The Bureau of Labor Statistics reported Friday that the national unemployment rate fell to 10.2%, and payrolls rose by 1.8 million in July.

The broader U6 measurement of unemployment was 16.5%, down from 18.0% in July.

The chemical manufacturing subsector saw a drop in positions from 829700 in June to 825200 in July, a drop of 4500 positions (seasonally adjusted).

The unemployment rate of college graduates was 6.7% for July 2020, while by contrast the unemployment rate for people without a high school diploma was 15.4%.