Economy Adds 4.8 Million Jobs In June, Surpassing Expectations As Coronavirus Lingers

FILE - This Oct. 9, 2011 file photo shows 55 Water Street, home of Standard & Poor's, in New York. Standard & Poor's Ratings Services upgraded its outlook Monday, June 10, 2013, for the U.S. government's long-term debt. S&P cited the government's strengthened finances, a recovering U.S. economy and some easing of Washington's political gridlock. (AP Photo/Henny Ray Abrams, File)
>>Follow Matzav On Whatsapp!<<

 The U.S. economy added 4.8 million jobs in June, according to data released Thursday by the Labor Department, as the gradual easing of coronavirus-related restrictions helped more businesses reopen and bring back workers.

The unemployment rate also fell to 11.1 percent last month, according to the report, as more workers who were laid off earlier this year were able to return to their pre-pandemic jobs.

Economists expected the U.S. to add anywhere between 1 million and 3 million jobs for the month after the U.S. added 2.7 million in May, according to revised figures, despite widespread predictions of another decline.

Read more at The Hill.



Please enter your comment!
Please enter your name here