Headline Roundup • July 2nd, 2021
US Adds 850,000 Jobs in June; Unemployment at 5.9%
Summary from the AllSides News Team
The U.S. economy added 850,000 jobs in June, beating economists' predictions and improving on numbers from April and May. Leisure and hospitality industries led the growth with 343,000 jobs added. The unemployment rate rose from 5.8% to 5.9%; experts expected it to fall to 5.7%. On Thursday, the Labor Department reported that the number of people applying for unemployment benefits fell to 364,000 last week, the lowest level since the pandemic began.
Most sources across the spectrum framed the report as a positive sign for the economy's post-pandemic recovery. Some coverage from left- and center-rated outlets also highlighted that the economy still has almost 7 million fewer jobs than it did before the pandemic.
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Washington Examiner
The economy rebounded and added 850,000 new jobs in June, a welcome result after two months of disappointing growth.
The unemployment rate slightly increased to 5.9%, the Bureau of Labor Statistics reported Friday.
The numbers exceeded expectations, with the consensus among economists being that 700,000 jobs would be added, and unemployment would drop from 5.8% to 5.7%.
Employment in the leisure and hospitality industry grew 343,000, another strong showing, as pandemic-related restrictions continued to ease across the country. More than half of those job gains were in restaurants and bars...
Associated Press
In an encouraging burst of hiring, America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
Friday’s report from the Labor Department was the latest sign that the reopening of the economy is propelling a powerful rebound from the pandemic recession. Restaurant traffic across the country is nearly back to pre-pandemic levels, and more people are shopping, traveling and attending sports and entertainment events. The number...
CNN Business
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...
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