Economy added 4.8M jobs in June, before surge in coronavirus infections
Posted on AllSides July 2nd, 2020
From The Right
The economy gained 4.8 million jobs in June, lowering the unemployment rate to 11.1%, the Labor Department said Thursday.
June's job gains were a record and easily beat forecasters' expectations. Nevertheless, the jobs report is clouded by the fact that, even with the improvements, the labor market was in historially bad shape even before coronavirus outbreaks worsened throughout the South and West later in June.
“Looking beyond the June employment data, worrisome signs have emerged in recent days regarding a pullback in store traffic and spending likely linked to the...
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