The U.S. unemployment rate edged down to 10.2 percent in July even as a wave of new coronavirus cases forced most states to pause or reverse their reopenings, slowing hiring.

The Labor Department said in its Friday report that employers added 1.8 million jobs in June — a far slower pace than the 4.8 million created in June, which was the highest recorded. Economists surveyed by Refinitiv expected the report to show that unemployment dropped to 10.5% and the economy added 1.6 million jobs.

Estimates varied widely amid escalating fears that a flare-up in COVID-19 cases across the country and a fresh round of business closures would derail the job market's early recovery from the worst economic downturn since the Great Depression. Read more at FOX Business