The US economy added 850,000 jobs in June
Posted on AllSides July 2nd, 2021
From The Left
The US economy added 850,000 jobs in June, when adjusted for seasonal changes. It was far more than economists had expected.
The consensus number from analysts polled by Refinitiv was 700,000.
The unemployment rate stood at 5.9%, up from 5.8% in May, the Bureau of Labor Statistics reported Friday. The labor force participation rate was unchanged at 61.6%.
Nevertheless, America's once-strong labor market is still far from being back to normal, down 6.8 million jobs compared with February 2020.
It's still a tale of a job market in imbalance: Employers are struggling to attract...
